Thursday, November 9, 2017

A small social pension in Indonesia has a big impact

Indonesia is an ageing society. There are approximately 20 million older people, and by 2050 this is projected to reach 70 million. But with only 11% accessing contributory pension schemes, there is very limited income security for the vast majority in older age. Sub-national governments in Indonesia are showing strong commitment to filling this gap, particularly in the district of Aceh Jaya in Aceh province where everyone aged 70 and over - 2,709 people - receives a monthly cash transfer of 200,000 Indonesian rupees (US$15). This is the High-Risk Elderly Social Assistance Program, or ASLURETI. Read More