Pension systems by country

The table below shows the pension systems by country.

Pension systems by country[1][2]
Country Pillar 0 Pillar 1 Pillar 2 Pillar 3
 Afghanistan No Y Social insurance system N/A N/A
 Algeria Y Social assistance Y Social insurance system N/A N/A
 Argentina Y Basic pension Y Social insurance system No, closed in 2008 N/A
 Armenia Y Social assistance Y Social insurance system Y Mandatory individual accounts Y Voluntary pensions
 Australia Y Social assistance Y Mandatory occupational pension system N/A N/A
 Austria No Y Social insurance system Y Occupational pensions Y Private pensions
 Bahrain No Y Social insurance system N/A N/A
 Bangladesh Y Social assistance N/A N/A N/A
 Belarus Y Social assistance Y Social insurance system N/A N/A
 Belgium Y Social assistance Y Social insurance system N/A N/A
 Bhutan No Y Provident fund system No N/A
 Botswana Y Basic pension No No N/A
 Brazil Y Social assistance Y Social insurance system N/A N/A
 Brunei Y Basic pension Y Provident fund system Y Supplementary individual account N/A
 Bulgaria Y Social assistance Y Social insurance system Y Individual accounts N/A
 Burkina Faso No Y Social insurance system N/A N/A
 Burundi No Y Social insurance system N/A N/A
 Cameroon No Y Social insurance system N/A N/A
 Canada Y Basic pension Y Canada Pension Plan N/A Y Registered retirement savings plan
 China Y Social assistance Y Social insurance system Y Mandatory individual accounts N/A
 Czech Republic Y Basic pension Y Social insurance system No, canceled in 2016 Y Voluntary individual accounts
 Dominican Republic Y Social assistance Y Mandatory individual accounts N/A N/A
 El Salvador Y Social assistance Y Mandatory individual accounts N/A N/A
 Estonia Y Social assistance Y Social insurance system Y Mandatory individual accounts Y Voluntary individual accounts
 Eswatini Y Social assistance Y Provident fund system N/A N/A
 France Y Social assistance Y Social insurance system Y Mandatory occupational pension provision Y
  • Voluntary private collective pension provision
  • Voluntary private individual pension provision
 Georgia Y Basic pension N/A N/A N/A
 Germany Y Social assistance Y Social insurance system Y Voluntary occupational pension insurance Y Private pension schemes
 Hong Kong Y Basic pension Y Provident fund system N/A N/A
 Hungary Y Social assistance Y Private pension fund Y Voluntary pension fund N/A
 India Y Social assistance Y Employees’ Provident Fund Y Voluntary pension insurance Y Individual private pension plans
 Ireland Y Basic pension Y Social insurance system Pay Related Social Insurance Y Occupational pension schemes N/A
 Italy Y Social assistance Y Notional Defined Contributions N/A N/A
 Japan N/A N/A N/A N/A
 Jordan No Y Social insurance system N/A N/A
 Kazakhstan Y Basic pension Y Mandatory individual accounts N/A N/A
 Kenya Y Older Persons Cash Transfer Y Mandatory individual accounts No N/A
 Kyrgyzstan Y Social assistance Y Notional Defined Contributions No N/A
 Latvia Y Social assistance Y Notional Defined Contributions Y Mandatory individual accounts Y Voluntary individual accounts
 Lithuania Y Social assistance Y Social insurance system Y Voluntary pension fund Y Voluntary individual accounts
 Luxembourg No Y Social insurance system Y Mandatory occupational pension provision Y Voluntary pensions funds and endowment policy insurances with tax benefits
 Malawi no Y Mandatory individual accounts N/A N/A
 Malaysia Y Social assistance Y Provident Fund System (KWSP) or Individual pension account (KWAP/LTAT) Y Provident Fund System Y Voluntary individual accounts:
 Mexico Y Social assistance Y Mandatory individual accounts N/A N/A
 Monaco No Y Social insurance system No N/A
 Mongolia Y Social assistance Y Notional Defined Contributions N/A N/A
 Morocco No Y Social insurance system N/A N/A
 Mozambique Y Social assistance Y Social insurance system N/A N/A
 Namibia Y Social assistance Y Social insurance system N/A N/A
   Nepal Y Social assistance Y Provident fund system N/A N/A
 Netherlands Y Social assistance Y Social insurance system Y Private employee pensions Y Individual private pensions
 New Zealand Y Basic pension Y Individual accounts N/A N/A
 Nigeria No Y Mandatory individual accounts No N/A
 North Korea N/A N/A N/A N/A
 Norway Y Basic pension Y Notional Defined Contributions Y Occupational pension schemes Y Individual pensions
 Oman No Y Social insurance system N/A N/A
 Pakistan No Y Social insurance system N/A N/A
 Papua New Guinea No Y Mandatory occupational retirement system N/A N/A
 Philippines Y Social assistance Y Social insurance system N/A N/A
 Poland Basic pensions for mothers of four or more children from March 2019 Y Notional Defined Contributions Y Voluntary Open Pension Funds (OFE) Y Voluntary individual accounts:
  • Occupational Pension Programs (PPE)
  • Individual Pension Accounts (IKE/IKZE)
  • Employee Capital Plans (PPK)
 Portugal Y Social assistance Y Social insurance system N/A N/A
 Qatar No Y Social insurance system N/A N/A
 Romania No Y Social insurance system Y Mandatory individual accounts Y Voluntary individual accounts
 Russia Y Basic pension Y Social insurance system Y Mandatory pension funds Y Voluntary private pension funds
 Rwanda No Y Social insurance system N/A N/A
 Saudi Arabia No Y Social insurance system N/A N/A
 Senegal No Y Social insurance system N/A N/A
 Sierra Leone No Y Social insurance system N/A N/A
 Singapore Y Social assistance Y Provident fund system N/A N/A
 Slovakia Y Basic pension Y Social insurance system Y Voluntary individual accounts N/A
 Slovenia Y Social assistance Y Social insurance system N/A N/A
 Solomon Islands No Y Provident fund system N/A N/A
 South Africa Y Basic pension N/A N/A N/A
 South Korea Y Social assistance Y Social insurance system N/A N/A
 South Sudan No No No N/A
 Spain Y Social assistance Y Social insurance system N/A N/A
 Sri Lanka No Y Provident fund system Y Supplementary fund N/A
 Sudan No Y Social insurance system N/A N/A
 Sweden Y Basic pension Y Notional Defined Contributions Y Mandatory individual accounts N/A
  Switzerland N/A Y Social insurance system Y Mandatory occupational pension system Y Voluntary pensions funds and endowment policy insurances with tax benefits
 Syria N/A N/A N/A N/A
 Taiwan Y Social assistance Y Social insurance system Y Mandatory individual accounts N/A
 Tanzania No Y Social insurance system N/A N/A
 Thailand Y Social assistance Y Social insurance system Y Voluntary national savings fund N/A
 Turkey Y Social assistance Y Social insurance system N/A N/A
 Turkmenistan Y Social assistance Y Notional Defined Contributions N/A N/A
 Uganda No Y Provident fund system N/A N/A
 Ukraine Y Social assistance Y Social insurance system Y Mandatory state pension fund Y Voluntary individual pensions
 United Arab Emirates No Y Social insurance system N/A N/A
 United Kingdom Y Basic pension Y Social insurance system Y Occupational schemes Y Voluntary individual pensions:
  • Stakeholder pensions
  • Group personal pensions
  • Self-invested personal pensions
 United States Y Social assistance Y Social insurance system N/A N/A
 Uruguay Y Social assistance Y Social insurance system Y Mandatory individual accounts N/A
 Uzbekistan Y Social assistance Y Mandatory individual accounts N/A N/A
 Venezuela Y Social assistance Y Social insurance system N/A N/A
 Vietnam Y Social assistance Y Social insurance system N/A N/A
 Zambia No Y Social insurance system N/A N/A
 Zimbabwe No Y Social insurance system N/A N/A

Notable examples of pension systems by country

Some of the listed systems might also be considered social insurance.

See also

References

  1. ^ "Social Security Programs Throughout the World". ssa.gov.
  2. ^ "Social protection in older age | Pension watch". pension-watch.net.{{cite web}}: CS1 maint: url-status (link)
  3. ^ "Official Website of Mandatory Provident Fund Schemes Authority".