Good Practices in Social Security | International Social Security Association (ISSA)

ISSA Database of Good Practices

This database provides ISSA members with privileged access to good practices, showcasing creative, smart and innovative ways to overcome challenges of social security administration at the institutional, national or international levels. Explore, be inspired by, and learn from these hard-earned and well-deserved successes of the ISSA members. Learn more about the ISSA Good Practices.

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Micro life insurance: Incentivizing saving for old age among vulnerable population groups

Implementation year:

2015

Award Year:

2023

Colombian Pension Administrator

,

Colombia

,

Americas

Unemployment, informal employment and low pension coverage have been recurrent problems in Colombia. According to a study carried out in 2023 by Colombia’s National Statistics Institute (Departamento Administrativo Nacional de Estadística – DANE, 2023), some 57.9 per cent of the country’s population is in informal employment, and a little over half of these people earn less than the minimum wage.

Topic:

Old-age pensions

Social policies & programmes