Acknowledgments -- How does social security work? -- Sustainability and financing reform -- Benefit adequacy -- Retirement policy -- Reforming the reform process -- Conclusion: the way forward -- Appendix -- References -- Author -- Index -- About the institute

Longevity insurance benefits are deferred annuities that start payment at an advanced age at which a substantial proportion of the birth cohort has died. In high-income countries, that would mean that these annuities would start for people in their early 80s, but when social security programs...