Pension coverage extension as social innovation in Zambia: Informal economy workers’ perceptions and needs

Abstract

With the enactment of Statutory Instrument No. 72 (2019), Zambia is extending pension coverage to workers in the informal economy. We present evidence on the experiences and perspectives of domestic workers and bus and taxi drivers regarding pension scheme coverage in Zambia. We use data generated through interviews and focus group discussions. The analysis shows that pension schemes, as conventionally designed for formal economy employees, are not compatible with the values, beliefs and needs of informal economy workers, and pension coverage was not a priority for them. As a form of social innovation, extending access to pension coverage had a lower relative advantage and lacked incentives to attract informal economy workers. We propose a member-centred framework for initiating the extension of social security coverage to informal economy workers.

A Review of the Role of Risk Management in Online Transactions: The Growing Issues of Network and System Security among Zambia’s Financial Institutions

“…The study's results illuminate the importance of risk management in online transactions in the financial sector of Zambia. Miti, et al (2023) indicate that financial institutions are being subjected to advanced cyberattacks with greater frequency. It resulted in significant financial losses, damage to reputation, and a loss of trust among customers.…”

Presente e futuro dos sistemas de pensão pelo mundo: um estudo bibliométrico a partir do termo de pesquisa “pension”

“…Um segundo olhar importante sobre essa categoria e que se mistura com a categoria de estudos voltados para as mesmas pessoas excluídas da sociedade é a questão dos trabalhadores informais e marginalizados dentro dos sistemas de pensões (Miti, Perkiö, Metteri, & Atkins, 2021). Incentivar esses trabalhadores a participarem das pensões contributivas, visando maior segurança na velhice, além de demonstrar a importância dessa escolha em detrimento de uma necessidade presente, pode ser uma tarefa muito árdua, e entender essas categorias profissionais nos diversos países e como incorporá-los aos sistemas, é uma agenda de pesquisa de extrema importância.…”

Incorporating informal workers into social insurance in Tanzania

“…Source: authors' compilation using several sources(Beri 2018; DOSI n.d.; ISSA 2019;Masabo 2019;Miti et al 2021;Phe Goursat and Pellerano 2016; the Republic of Cameroon 1967); ILO NATLEX (https://www.ilo.org/dyn/natlex/natlex4.home?p_lang=en); ISSA country profiles (https://ww1.issa.int/country-profiles); https://www.cnps.cm/index.php/fr/assure-e/assurance-volontaire/assurance-volontaire; https://ejoheza.gov.rw/ltss-registrationui/landing.xhtml;jsessionid=358CC71562DE822BF6C87A1FB684E34F; https://www.nssf.or.ke/M; https://mbaopension.com/.…”