SINGAPORE (Sept 6): Historic-low interest rates, staggering levels of public debt, expanding old-age dependency and eroding quality of life for retirees are some of the economic realities and societal trends putting retirement security under much pressure in the decade following the Global Financial Crisis (GFC).

In theory, retirement security should work on the principle of workers saving over a lifetime, employers providing retirement benefits, and policy makers collecting payroll taxes to fund government benefits. However, in reality, the traditional three-pillar model is no longer able to live up to the promise of retirement security.

“To make retirement security systems more sustainable, it is critical for policy makers to understand how these and other factors pose a risk to retirees in order to strike... (Click here to read the full story)