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It is not a retirement pension: it is financed by the State, not by social contributions. It is a "social minimum", like the RSA (revenu de solidarité active). Since January 1, 2006, it has replaced the multiple components of the minimum old-age pension or the "Minimum vieillesse" in french. This pension is paid by the CNAV, the Caisse ...
"Flexibilisation de la retraite". L’Assemblée fédérale de la Confédération suisse (2021). "Loi fédérale sur l'assurance-vieillesse et survivants". www.fedlex.admin.ch; Loi d'application de la loi fédérale sur l'assurance-vieillesse et survivants (1998).
The basic pension insurance is the old-age and survivor's insurance (OASI). It is known as Alters- und Hinterlassenenversicherung (AHV) in German, Assurance vieillesse et survivants (AVS) in French, and Assicurazione vecchiaia, superstiti e invalidità (AVS) in Italian.
The CNAV (Caisse Nationale d'Assurance Viellesse or National Pension Insurance Bank), Organic (Caisse de retraite des commerçants et des chefs d’entreprises commerciales or Pensions Bank of the traders), et; Cancava (Caisse de retraite des artisans or Pensions Bank of craftsmen). First payments were set to start in 2020.
Social security; Sécurité sociale: Agency overview; Formed: October 19, 1945 (): Jurisdiction: Government of France: Motto: De chacun selon ses moyens, à chacun selon ses besoins (English: From each according to his ability, to each according to his needs)
Social security insurance was introduced in Switzerland in 1948. [2]Social security services in Switzerland includes: Unemployment insurance (German: Arbeitslosenversicherung, ALV; French: Assurance-chômage, AC; Italian: Assicurazione contro la disoccupazione, AD), normally directly deducted from salary if resident is employed
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The Old Age Security (OAS, French: Sécurité de la vieillesse) program is a universal retirement pension available to most residents and citizens of Canada who have reached 65 years old. This pension is supplemented by the Guaranteed Income Supplement (GIS), which is added to the monthly OAS payment for seniors with lower incomes.