Pension
Australia Age Pension
Australia's Age Pension is a means-tested, tax-funded fortnightly payment administered by Services Australia (Centrelink) for residents aged 67 and over who meet residency requirements. As one of the oldest government pension schemes in the world—dating back to 1908—it provides a financial safety net for over 2.6 million Australians, with maximum rates of approximately AUD $1,116.30 per fortnight for singles and AUD $1,682.80 combined for couples, plus supplements for energy and pharmaceutical costs.
Bolivia Renta Dignidad (Dignity Income)
Bolivia Renta Dignidad (Dignity Income) is a universal non-contributory social pension that provides monthly cash payments to all Bolivian citizens aged 60 and above regardless of income, employment history, or contribution record, established in 2008 as a successor to the pioneering BONOSOL program and funded primarily from hydrocarbon tax revenues, reaching approximately 1.2 million elderly beneficiaries and serving as the cornerstone of Bolivia social protection system alongside the Bono Juancito Pinto and Bono Juana Azurduy programs.
Botswana Old Age Pension
Botswana Old Age Pension is a universal non-contributory social pension established in 1996 that provides monthly cash payments to all Batswana citizens aged 65 and above regardless of income, assets, or prior employment history, making Botswana one of the first countries in Africa to implement a universal pension and a pioneering model of social protection on the continent that currently reaches over 110,000 elderly citizens.
Canada Old Age Security (OAS) and Guaranteed Income Supplement (GIS)
Canada's Old Age Security (OAS) pension is a non-contributory, tax-funded monthly payment available to Canadians aged 65 and older who meet residency requirements. As the largest single program in the Canadian federal government, OAS provides a basic income floor to over 7 million recipients, with maximum monthly payments of approximately CAD $727.67 for those aged 65–74 and CAD $800.44 for those 75 and older. The Guaranteed Income Supplement (GIS) adds up to CAD $1,086.88 per month for low-income single seniors, bringing combined OAS and GIS benefits to approximately CAD $1,814 per month for the lowest-income individuals.
Chile Pension Garantizada Universal (Universal Guaranteed Pension)
Chile Pensión Garantizada Universal (PGU) is a state-funded universal pension that guarantees a monthly income to all Chilean residents aged 65 and older who do not belong to the wealthiest 10% of the population, regardless of whether they contributed to the pension system during their working years, representing one of the most significant social protection reforms in Latin American history.
Mauritius Basic Retirement Pension (BRP)
Mauritius Basic Retirement Pension (BRP) is a universal non-contributory social pension that provides monthly cash payments to all Mauritian citizens aged 60 and above regardless of income, employment history, or prior contributions, making it one of the oldest and most comprehensive universal pension schemes in the developing world, established in 1950 before Mauritius gained independence, and currently reaching over 200,000 elderly beneficiaries as a cornerstone of the nation social protection system.
Mexico Pension para el Bienestar de las Personas Adultas Mayores
Mexico's universal non-contributory pension providing bimonthly cash payments to all adults aged 65 and older, regardless of income or employment history, constitutionally guaranteed since 2020 and administered by the Secretariat of Welfare (Secretaria del Bienestar).
Namibia Old Age Pension
Namibia Old Age Pension is a universal non-contributory social pension established after independence through the National Pensions Act of 1992 that provides monthly cash payments to all Namibian citizens aged 60 and above regardless of income, assets, or employment history, reaching approximately 180,000 elderly beneficiaries across the vast territory and serving as one of the most comprehensive social pension programs in Sub-Saharan Africa.
New Zealand KiwiSaver Retirement Savings Scheme
KiwiSaver is New Zealand's voluntary, work-based retirement savings scheme established under the KiwiSaver Act 2006 and operational since 2 July 2007. Administered by Inland Revenue (IRD), the scheme channels employee, employer, and government contributions into individually managed investment funds, helping New Zealanders build long-term savings for retirement and first home purchases.
New Zealand Superannuation (NZ Super)
New Zealand's universal public pension providing a regular fortnightly payment to all eligible residents aged 65 and over, regardless of work history, retirement savings, or other income, funded from general taxation rather than individual contributions.