World Bank2025-01-142025-01-142025-01-14https://hdl.handle.net/10986/42677The note first discusses the main pillars of financial securityat older ages before focusing on the status of contributory and noncontributory (orsocial) pension systems in developing countries. It highlights worrying under-coverage ofcontributory pension systems in the face of persistent labor market informality, as well asthe rise of social pensions and innovative informal sector matching schemes in response,and the trade-offs between coverage, adequacy and sustainability of pension systems. Itthen reviews World Bank support on the old age financial protection agenda, includingdifferent forms of budget support and investment lending, policy advisory and analyticalwork, capacity building and technical assistance (TA), and convening. It concludes bynoting the need to broaden the policy dialogue to wider dimensions of old age financialwell-being, as well as innovating with public sector and market instruments which candiversify sources of financial security at older ages.en-USCC BY-NC 3.0 IGOPENSION SYSTEMOLD ADULTSINCOMESLABOR FORCEDEVELOPING COUNTRIESEMPLOYMENTWorking PaperWorld Bank10.1596/42677