Recent developments in social pensions in Latin America

By International Social Security Association Non-contributory pensions, also known as social pensions, are an important component of rights-based universal social protection systems. They allow extending pension coverage relatively rapidly to elderly persons who are not covered by contributory schemes. Usually financed by general revenues and providing relatively modest benefits, eligibility for social pensions is often conditional on low income or certain other criteria. The right to social protection, including old age income security, is enshrined in various national constitutions and legal...