Pension systems by country

The table below shows the pension systems pillars 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: i-Saraan voluntary Provident Fund System
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

[1]

[2]

Country	Private	Funded	Pay-as-you-go
Austria	3	15	83
Belgium	8	17	75
Bulgaria	7	0	93
Croatia	9	0	91
Cyprus	4	13	83
Czech Republic	3	0	97
Denmark	73	25	2
Estonia	0	3	97
Finland	1	0	99
France	0	13	87
Germany	7	14	79
Greece	1	0	99
Hungary	0	0	100
Iceland	54	14	33
Ireland	16	23	61
Italy	2	0	98
Latvia	8	3	90
Lithuania	4	2	95
Luxembourg	2	17	81
Malta	0	7	93
Netherlands	36	14	51
Norway	8	11	81
Poland	3	8	90
Portugal	3	25	72
Romania	2	0	98
Slovakia	5	14	81
Slovenia	1	0	98
Spain	1	9	90
Sweden	33	5	62
Switzerland	34	5	62

v t e Employment
Classifications	Academic tenure Casual Contingent work Full-time job Gig worker Job sharing Part-time job Self-employment Side job Skilled worker Journeyman Technician Tradesperson Independent contractor Labour hire Temporary work Laborer Wage labour
Hiring	Application Background check Business networking Cover letter Curriculum vitae Drug testing Employment contract Employment counsellor Executive search list Induction programme Job fair Job fraud Job hunting Job interview Letter of recommendation Onboarding Overqualification Person–environment fit Personality–job fit theory Personality hire Probation Realistic job preview Recruitment Résumé Simultaneous recruiting of new graduates Underemployment Work-at-home scheme
Roles	Cooperative Employee Employer Internship Job Labour hire Permanent employment Supervisor Volunteering
Working class	Blue-collar Green-collar Grey-collar Pink-collar Precariat White-collar Red-collar New-collar No-collar Orange-collar Scarlet-collar Black-collar Gold-collar
Career and training	Apprenticeship Artisan Master craftsman Avocation Career assessment Career counseling Career development Coaching Creative class Education Continuing education E-learning Employability Further education Graduate school Induction training Knowledge worker Licensure Lifelong learning Overspecialization Practice-based professional learning Professional association Professional certification Professional development Professional school Reflective practice Retraining Vocational education Vocational school Vocational university Mentorship Occupational Outlook Handbook Practice firm Profession Operator Professional Tradesman Vocation
Attendance	Break Break room Career break Compassionate leave Bereavement leave Furlough Gap year Leave of absence Long service leave No call, no show Sabbatical Sick leave Stress leave Time clock
Schedules	35-hour workweek Four-day week Eight-hour day 996 working hour system Flextime On-call Overtime Remote work Six-hour day Shift work Working time Workweek and weekend
Wages and salaries	Decoupling of wages from productivity Frisch elasticity of labor supply Global labor arbitrage Labour economics Labor share Labour supply Living wage Maximum wage Median income Minimum wage Canada Hong Kong Europe United States National average salary World Europe Pay bands Price elasticity of demand Progressive wage Singapore Overtime rate Paid time off Performance-related pay Remuneration Salary cap
Benefits	Annual leave Casual Friday Child care Disability insurance Health insurance Life insurance Marriage leave Parental leave Pension By country Perk-cession Sick leave United States Take-home vehicle Well-being washing
Taxes	Payroll tax Tax bracket Income tax Negative Disposable income Salary packaging Unreported employment
Safety and health	Crunch Epilepsy and employment Human factors and ergonomics Karoshi List of countries by rate of fatal workplace accidents Occupational burnout Occupational disease Occupational exposure limit Occupational health psychology Occupational injury Occupational noise Occupational stress Personal protective equipment Repetitive strain injury Right to sit United States Sick building syndrome Work accident Occupational fatality Workers' compensation Workers' right to access the toilet Workplace health promotion Workplace phobia Workplace wellness
Equal opportunity	Affirmative action Discrimination Equal pay for equal work Gender pay gap Glass ceiling
Infractions	Corporate collapses and scandals Accounting scandals Control fraud Corporate behaviour Corporate crime Exploitation of labour Dress code Employee handbook Employee monitoring Evaluation Labour law Sexual harassment Sleeping while on duty Wage theft Whistleblower Workplace bullying Workplace harassment Workplace incivility
Willingness	Boreout Careerism Civil conscription Conscription Critique of work Dead-end job Employment rate List Job satisfaction McJob Organizational commitment Refusal of work Slavery Bonded labour Human trafficking Labour camp Penal labour Peonage Truck wages Unfree labour Wage slavery Stay interview Workforce Work ethic Work–life interface Downshifting Slow living Workaholic
Termination	At-will employment Dismissal Banishment room Constructive dismissal Wrongful dismissal Employee offboarding Employee turnover Exit interview Labour market flexibility Layoff Notice period Pink slip Resignation Letter of resignation Restructuring Retirement Mandatory retirement Retirement planning Retirement spend-down Severance package Golden handshake Golden parachute
Unemployment	Barriers to entry Discouraged worker Economic depression Great Depression Long Depression Frictional unemployment Full employment Graduate unemployment Involuntary unemployment Jobless recovery NEET Phillips curve Recession Great Recession Job losses caused by the Great Recession Lists of recessions Recession-proof job Reserve army of labour Structural unemployment Technological unemployment Types of unemployment Unemployment benefits Unemployment Convention, 1919 Unemployment extension List of countries by unemployment rate Wage curve Youth unemployment
Public programs	Workfare Unemployment insurance Make-work job Job creation program Job creation index Job guarantee Employer of last resort Guaranteed minimum income Right to work Historical: U.S.A.: Civil Works Administration Works Progress Administration Comprehensive Employment and Training Act
See also	Bullshit job Busy work Credentialism and educational inflation Emotional labor Evil corporation Going postal Kiss up kick down Labor rights Make-work job Narcissism in the workplace Post-work society Presenteeism Psychopathy in the workplace Sunday scaries Slow movement (culture) Toxic leader Toxic workplace Wage compression Working poor Workhouse
See also templates Aspects of corporations Aspects of jobs Aspects of occupations Aspects of organizations Aspects of workplaces Corporate titles Critique of work Organized labor

Pension systems by country

Notable examples of pension systems by country

See also

References

Related Articles