Chile

Region

Chile has a social pension.

Older people demographics

  • 3.7 m

    Population aged 60+

    Total number of persons aged 60 years and older in the country/territory

  • 19.1 %

    Percentage of total population aged 60+

    Percentage of the total population that is aged 60 years and older

  • 34.2 %

    Percentage of total population aged 60+ in 2050

    Percentage of the total population projected to be aged 60 years and older in 2050

Pension coverage

  • 61.8 %

    Total coverage of pension system

    Percentage of people aged 60 years and older who receive any old age pension (all types)

  • 41.5 %

    Contributory pension coverage

    Percentage of people aged 60 years and older who receive a contributory old age pension

  • 30.3 %

    Social pension coverage

    Percentage of people aged 60 years and older who receive a tax-financed old age social pension

How is the social pension designed?

Scheme Universal Guaranteed Pension
Social pension name in local language Pensión Garantizada Universal (PGU)
Type Universal or near-universal
Eligibility age 65 for men and women
Monthly transfer amount in local currency: 231,732 Chilean Peso
Monthly transfer amount as a percentage of per capita GDP: 17.64%
Monthly transfer amount as a percentage of relevant World Bank poverty line: 61.2%