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Pensions refer to payment made to a person (or their dependants) after retirement. Pension systems vary across countries and no single model fits all. Generally, there is a mix of public and private pension provision. Public pensions are statutory, most often financed on a pay-as-you-go basis (where current contributions pay for current benefits) and managed by public institutions. Private pensions are in some cases mandatory, but more often are voluntary, funded, employment-based pension plans or individual retirement savings plans. Pensions may also be supplemented by housing wealth, personal financial wealth, and publicly provided services.

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Keywords:  retirement, pension, subsidy, allowance, retiree, benefits

Pension funds' assets You or your institution have access to this content


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Pension funds' assets are defined as assets bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. The pension fund is a pool of assets forming an independent legal entity. This indicator is measured in millions of USD or as a percentage of GDP.

Also available in French
Keywords:  guarantee income, elderly people, replacement income, retiree, retirement, finance, pensions, pensionable, Old age, benefits, investment
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