Pensions at a Glance

Latin America and the Caribbean

image of Pensions at a Glance

This comprehensive examination of pension systems in Latin America and the Caribbean looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, and pension entitlements before providing a series of country profiles. The special chapter analyses the coverage and adequacy of Latin American pension systems.



English Also available in: Spanish, Portuguese


The total fertility rate is above the replacement level – the number of children needed to keep the total population constant – in 20 out of 26 LAC countries for 2005-10. The only exceptions are the Bahamas, Brazil, Chile and Costa Rica (at replacement level of 1.9) and Trinidad and Tobago and Barbados at 1.8. However, the fertility levels have declined in each ten-year period over the last 30 years, with the exception of Barbados between 1995 and 2005. Fertility rates have a profound implication for pension systems because they, along with life expectancy, are the drivers of population ageing.



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