Pension Systems By Country
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The table below shows the
pension A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", wh ...
systems by country.


Notable examples of pension systems by country

Some of the listed systems might also be considered
social insurance Social insurance is a form of Social protection, social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance. In contrast to other forms of Welfare spend ...
. * Argentina – Administración Nacional de la Seguridad Social * Armenia –
Pensions in Armenia There are various types of Pensions in Armenia, including social pensions (granted to all individuals who reach the age of 63, both for laborers and not), mandatory funded pensions (a return on investment from mandatory funded pensions), or volun ...
* Australia: **
Superannuation in Australia Superannuation in Australia, or "super", is a savings system for workplace pensions in retirement. It involves money earned by an employee being placed into an investment fund to be made legally available to members upon retirement. Employers ma ...
– Private, and compulsory, individual retirement contribution system. **
Social Security Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance ...
– Public pensions *Austria –
Pensions in Austria The pensions system in Austria is composed of three parts: occupational pensions, private pensions, and state pensions. However, private and occupational pensions are secondary to the public pension issued through the state. According to the Orga ...
* Canada: **
Canada Pension Plan The Canada Pension Plan (CPP; ) is a contributory, earnings-related social insurance program. It is one of the two major components of Canada's public retirement income system, the other being Old Age Security (OAS). Other parts of Canada's retir ...
** Old Age Security ** Quebec Pension Plan ** Registered retirement savings plan ** Saskatchewan Pension Plan * Finland –
Kansaneläkelaitos Kela, abbr. from , (Fpa), (SII), is a Finland, Finnish government agency in charge of settling benefits under national Social security in Finland, social security programs. Kela was founded in 1937 to handle retirement pay. In the 1980s and 199 ...
* France: ** Pensions in France **
Allocation de Solidarité aux Personnes Agées Allocation may refer to: Computing * Block allocation map * C++ allocators * Delayed allocation * File allocation table * IP address allocation * Memory allocation * No-write allocation (cache) * Register allocation Economics * Asset allo ...
** Pensions Reserve Fund (France) * Hong Kong: **
Mandatory Provident Fund The Mandatory Provident Fund (), often abbreviated as MPF (), is a compulsory saving scheme (pension fund) for the retirement of residents in Hong Kong. Most employees and their employers are required to contribute monthly to mandatory provident ...
(MPF Schemes) ** Occupational Retirement Schemes (ORSO Schemes) * India: **
Pensions in India India operates a complex pension system. There are however three major pillars to the Indian pension system: the solidarity social assistance called the National Social Assistance Scheme, National Social Assistance Programme (NSAP) for the elder ...
**
National Pension System The National Pension System (NPS) is a defined-contribution pension system in India regulated by the Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of the Ministry of Finance of the Government o ...
** Employees' Provident Fund Organisation of India * Iranian Social Security Civil Servants Pension Fund * Japan – National Pension * Malaysia: ** Employees Provident Fund – Private voluntary retirement contribution system ** Retirement Fund – Public pensions **
Armed Forces Fund Board The Armed Forces Fund Board (also commonly known by its Malay name Lembaga Tabung Angkatan Tentera and LTAT in short) is a statutory body which manages the pension fund for certain members of the Malaysian Armed Forces. LTAT was established in Au ...
– Military pensions * Mexico – Mexico Pension Plan * Netherlands –
Algemene Ouderdomswet The ''Algemene Ouderdomswet'' ('General Old Age pensions Act, abbreviated AOW) is a 1956 Netherlands, Dutch law that installed a state pension for the elderly. This law was a continuation of a 1947 temporary law. The old law was a proposal by Wille ...
* New Zealand: ** New Zealand Superannuation – public pensions **
KiwiSaver KiwiSaver is a New Zealand savings scheme which has been operating since 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if ...
– Private voluntary retirement contribution system * Poland – Social Insurance Institution * Singapore –
Central Provident Fund The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their ...
* South Korea –
National Pension Service The National Pension Service (NPS; ) is a public pension fund in South Korea. It is the third largest in the world with over $800 billion in assets, and is the largest investor in South Korea. The system functions as part of a national social se ...
* Sri Lanka –
Employees' Provident Fund (Sri Lanka) The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka, also known historically as Ceylon, is an island country in South ...
and
Employees' Trust Fund The Employees' Trust Fund (ETF) is a social security programme established on 1 March 1981 under the Act No.46 of 1980 by the Parliament of the Sri Lanka. Contribution Where an employer first becomes liable under the provisions of this Act to ...
* Sweden –
Social security in Sweden Social security in Sweden is an aspect of the Welfare in Sweden, Swedish welfare system and consists of various social insurances handled by the Swedish Social Insurance Agency, National Agency for Social Insurance (), and welfare provided based ...
* Switzerland – Pension system in Switzerland * United Kingdom: **
Pensions in the United Kingdom Pensions in the United Kingdom, whereby United Kingdom tax payers have some of their wages deducted to save for retirement, can be categorised into three major divisions – state, occupational and personal pensions. The state pension is based o ...
**
Self-invested personal pension A self-invested personal pension (SIPP) is the name given to the type of UK government-registered personal pension scheme which allows individuals to make their own investment decisions from a wide range of investments by HM Revenue and Customs ( ...
s * United States: ** Public employee pensions **
Retirement plans in the United States A retirement plan is a financial arrangement designed to replace employment income upon retirement. These plans may be set up by employers, insurance companies, trade unions, the government, or other institutions. United States Congress, Congre ...
**
Social Security Welfare spending is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance ...
* Vanuatu – Vanuatu National Provident Fund


See also

* Pension#Pillars * Occupational pension funds in the EU


References

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