Caribbean Social Insurance Systems: When Parametric Reforms Are Not Enough Caribbean social insurance systems need reforms that go beyond pension parameters to strengthen administration, governance, and investment management.

Caribbean Social Insurance Systems: When Parametric Reforms Are Not Enough Caribbean social insurance systems need reforms that go beyond pension parameters to strengthen administration, governance, and investment management. https://www.iadb.org/en/blog/labor-markets/caribbean-social-insurance-systems-when-parametric-reforms-are-not-enough Main Highlights Population aging, emigration, and exposure to economic and climate shocks are placing growing pressure on Caribbean social insurance systems. Several schemes risk depleting their reserves in the coming decades, while high administrative costs and limited investment diversification persist. Strengthening compliance, funding rules, oversight, and transparency is essential to protect current and future generations. https://www.iadb.org/en/blog/labor-markets/caribbean-social-insurance-systems-when-parametric-reforms-are-not-enough