Providing old-age pensions

Maintaining old age pensions
Maintaining pension costs

Description

Providing old-age pensions involves establishing and maintaining financial support systems to ensure income security for individuals after retirement. This strategy addresses the risk of poverty and social exclusion among the elderly by delivering regular payments, typically funded through government, employer, or individual contributions. The essential action is to guarantee a stable, predictable income for older adults, thereby remedying economic vulnerability and promoting dignity, independence, and well-being in later life.