old-age pension


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old-age pension:

see pensionpension,
periodic payments to one who has retired from work because of age or disability. Pensions, originally thought of as charity, are now viewed as an essential part of the social responsibility of employers or of the state.
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; social securitysocial security,
government program designed to provide for the basic economic security and welfare of individuals and their dependents. The programs classified under the term social security differ from one country to another, but all are the result of government legislation
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References in periodicals archive ?
Section 2 of the law provides that the old-age pension of veterans of World War II, Korean and Vietnam wars will be increased to P20,000 a month, provided that the veterans of Korean and Vietnam wars are not receiving pension from the Armed Forces of the Philippines.
Bhubaneshwar (Odisha) [India], Jan 19 ( ANI ): Chief Minister Naveen Patnaik on Saturday announced a hike in the monthly pension amount for senior citizens in Odisha, under the "Madhu Babu Pension Yojana" scheme, raising the total number of old-age pension beneficiaries in the state to to 48 lakh.
1766, or An Act Increasing the Monthly Old-Age Pension of Senior Veterans, last week, according to Ernesto Carolina, administrator of the Philippine Veterans Affairs Office, who attended the 74th Lingayen Gulf Landings anniversary and 12th Pangasinan Veterans' Day celebration here on Wednesday (Jan.
11164, meanwhile, increases the old-age pension of senior veterans to P20,000 from P5,000 per month.
The scheme is 26 years old, but old-age pension benefit was added in 1998 and paid out for the first time in 2014.
EOBI has targeted to benefit 29,645 registered workers up to June 2016 for which an additional amount of Rs 7,540 mln was allocated for Old-Age Pension, Survivors Pension, Invalidity Pension and Old-Age Grants.
Pensions with incomplete work experience will be calculated and paid as a percentage based on the minimum old-age pension.
In addition, she will receive a state old-age pension (4) from the National Insurance Institute.
Abdullah bin Mohammed Al-Abduljabbar, Director General of Insurance Information and GOSI Official Spokesman, said in a statement "The Annuities Branch of the Social Insurance Scheme provides many benefits, including old-age pension, early retirement pension, non-occupational disability pension, death pension and lump sum compensation.
(41.) In fact take-up of the old-age pension peaked at almost 80 per cent of the age group in 1979.
If it was not for my old-age pension, I would be below the breadline.