Pension policy, in terms of the balance of risks placed on the individual, the level of benefits, and the level of coverage, can have important effects on poverty and financial security in older adults.
Non-pension benefits, such as the fuel allowance and the medical card, can help older adults to meet the costs associated with staying healthy in later life.
Options for older adults to continue in paid employment after retirement age (e.g. flexible work place practices, gradual retirement) can contribute to financial security, as it reduces reliance on pension income. At the same time, it is important to ensure that older adults are not compelled to work where it has a detrimental effect on their physical or mental health (see section on employment and education, page 8).