Asian Development Bank

Strengthening Public Pension Systems in Asia Asian Development Bank

Well-designed, well-functioning, and sustainable pension systems will promote inclusive growth by supporting old-age income and provide a muchneeded social safety net. In many Asian countries, pension systems are still inadequate in terms of coverage and delivery of stipulated benefits. This is particularly so for the smaller economies of Cambodia, Lao People's Democratic Republic, Myanmar, Thailand, and Viet Nam. A number of structural issues such as governance, regulation, and administrative capacities hinder their development. These issues are discussed in this summary of the 3-4 September 2015 Conference proceedings on "Strengthening Public Pension Systems in Asia."