On May 24, Parliament passed "Budget 2011," which includes a number of measures to lower the government's financial obligation to KiwiSaver plans.

Beginning July 1, all employers will be required to pay the cost of survivors and disability insurance for their employees.

On June 9, the Indian cabinet lowered the eligibility age for the noncontributory means-tested Indira Gandhi National Old-Age Pension Scheme (IGNOAPS) from age 65 to 60 and raised benefits for older beneficiaries (those aged 80 or older) to help keep up with inflation.

On May 16, CONSAR, the pension regulator, announced the guidelines for hiring experienced external asset managers to invest a portion of pension fund assets accumulated in individual retirement savings accounts.

The last phase of incorporating 60 per cent of the poorest individuals aged 65 or older into the first-pillar solidarity pension system (SPS) began July 1.