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The old-age pension accounts for the highest amount of government expenditure among all social assistance programmes in South Africa. [20] The old-age pension was established in South Africa as early as the 1920s. [21] However, the old-age pension system had reflected strong racial inequality until the 1990s. [21]
The social assistance disbursed by SASSA takes the form of various grants; most of them are means-tested and paid in cash on a monthly basis. These are the Child Support Grant, the Care Dependency Grant, the Foster Child Grant, the Disability Grant, the Grant-in-Aid, the Older Person's Grant (an old-age pension), and the War Veteran's Grant. [6]
Social welfare programmes have a long history in South Africa. [14] The earliest form of social welfare programme in South Africa is the poor relief distributed by the Dutch East India Company and the Dutch Reformed Church (DRC) in 1657. [15] The institutionalised social welfare system was established after the British occupied the Cape Colony ...
Basic pension: Social insurance system: Occupational schemes: Voluntary individual pensions: Stakeholder pensions; Group personal pensions; Self-invested personal pensions United States: Social assistance: Social insurance system: N/A: N/A Uruguay: Social assistance: Social insurance system: Mandatory individual accounts: N/A Uzbekistan: Social ...
Since 2000, the coverage of legal and effective social pension has been constantly increasing, especially in recent years. [14] Between 2015 and 2017 more than 90% of the elderly population were receiving their benefits in 34 countries. The number of countries where the effective social pension coverage was less than 20% fell to 36.
Examples of universal pensions include New Zealand Superannuation [6] and the Basic Retirement Pension of Mauritius. [7] Most social pensions, though, are means-tested, such as Supplemental Security Income in the United States of America or the "older person's grant" in South Africa. [8]
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