Ensuring the long-term resilience of public retirement systems requires proactive, adaptive strategies that balance financial sustainability, intergenerational equity and inclusivity. As demographic shifts accelerate, governments, employers and financial institutions must collaborate to create solutions that protect retirees while maintaining the economic stability of working-age and younger populations. To strengthen public retirement systems and enhance financial security for future generations, the following actions are critical:1.4 A path forward 1. Implement sustainable financing mechanisms Adjusting contribution rates, linking retirement ages to life expectancy and diversifying investment strategies can help maintain system solvency without overburdening younger generations. 2. Adopt gradual, well-communicated reforms Phased policy transitions, such as those seen in Canada and the Netherlands, can balance sustainability with fairness, preventing sudden disruptions to retiree benefits. Public confidence in pension systems can be strengthened through transparent governance, clear communication and behavioural nudges that encourage participation and long-term planning 3. Expand coverage to informal and gig workers Innovative policies, such as portable retirement benefits and incentivized micro- pension schemes, can ensure financial security for workers outside traditional employment structures. 4. Encourage or mandate auto-enrolment in retirement savings Countries with automatic enrolment in pension or retirement savings plans have seen significantly higher participation rates, helping individuals accumulate adequate savings for retirement. Expanding auto-enrolment policies and behavioural nudges can drive long-term financial security, particularly for low- and middle-income workers. 5. Use technology for efficiency and accessibility Digital solutions can simplify enrolment, improve pension portability and provide individuals with real-time insights into their retirement planning. Future-Proofing the Longevity Economy: Innovations and Key Trends 1313

Future Proofing the Longevity Economy 2025