This Note presents solid arguments for the mandatory contribution to the pension systems, in the case of self-employed workers with savings capacity.

The self-employed represent a significant percentage of the total number of Latin American workers. According to estimates of the International Labor Organization for 2016, they make up approximately 31% of the total number of workers, exceeding 40% in some countries. Thus, their inclusion in the pension systems is crucial for them to receive the same degree of protection in old age as dependent workers.

However, in most of the countries of the region, with the exception of Uruguay, the existing legislation exempts the self-employed from this obligation. FIAP considers it crucial to incorporate this group of workers into the pension systems in the region.

Among the proposals put forward for effective incorporation into the pension system, is the implementation of simplified tax incentives and mechanisms. Education and awareness strategies could also be key to achieving greater participation of self-employed individuals in the pension systems.