This edition of the series “The future of work in Latin America and the Caribbean” examines the challenges and possibilities for the region’s pension systems in the face of population aging, technological advances, climate change and changes in labor markets. Different studies predict that by 2050 the region will be characterized by a low birth rate and greater longevity, a scenario that may compromise the ability to guarantee adequate and sustainable pensions, unless reforms are put in place to adapt pension systems to these trends. However, these same trends offer opportunities: technology, for example, can facilitate the integration of groups normally excluded from the pension system and improve the operational efficiency of pension institutions. This document urges authorities and decision-makers in Latin America and the Caribbean to rethink retirement and to consider aging not as an obstacle, but as a catalyst for creating fairer and more prosperous societies. To this end, a comprehensive approach to reforms that transcend the structure of pension systems, incorporating experiences from other countries with more advanced aging processes, is essential. Public policies should focus on four key areas: (i) health care and old-age dependency; (ii) labor markets, formalization, accumulation and updating of human capital; (iii) pensions; and (iv) institutional innovation and digital transformation.

Download the report here (only available in Spanish language).