Social Pension

A social pension is a government-funded financial benefit provided regularly to older adults who have limited income and resources, ensuring basic economic security during retirement. It aims to support those who may not have sufficient savings, earnings, or other means to meet their daily needs. Typically, eligibility is based on age and income criteria, and it functions as a safety net to reduce poverty among seniors. This program helps maintain a minimum standard of living, allowing older individuals to cover essential expenses such as food, healthcare, and housing.