Universal Basic Pension

Universal Basic Pension (UBP) is a government program designed to provide a guaranteed, regular income to all older adults, typically after retirement, regardless of their previous work history or savings. Its goal is to ensure financial security and reduce poverty among seniors. Funded primarily through taxes or public funds, UBP aims to offer a basic level of support that complements other retirement savings or pensions. It acts as a safety net, helping seniors maintain a dignified standard of living and promoting social inclusion for the aging population.