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Social security and the financial crisis

In Focus: Social security responding to the financial crisis

The aftermath of global financial and economic crisis continues to affect economies and people in most countries. While the recession seems to have ended, the impact on the labour market looks destined to persist for several more years. Nevertheless, social security systems have responded effectively to the test by softening the impact of the crisis. The challenge for social security now is to continue to cope with the social fall-out.

Snapshots are intended to give a brief insight into interesting and topical news items connected with the financial and economic crisis.

Pension funds show tentative signs of a recovery

国际社会保障协会, 2009.06.25 | Snapshot

As has been documented elsewhere in ISSA reports, pension funds took a real hammering last year. Fund losses suffered by industrialised countries in 2008 ranged from -29.5% to -3.2%. However, recent data on the performance of social security funds evidences that some funds have begun to recover.
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Russia limbering up to launch anti-crisis response

国际社会保障协会, 2009.04.24 | Snapshot

The Russian government has substantially stepped-up its anti-crisis programme. The programme is devoted to social welfare, provision of healthcare and social guarantees, and State support of employment. The anti-crisis package includes a number of anti-crisis measures.
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In Focus: Social security responding to the financial crisis

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