Australia
Basic country data
- Population over 60 in 2010:
- 4,199,477 (20%)
- Projected population over 60 in 2050:
- 11,068,532 (35%)
- Income of country:
- High income: OECD
- Social pension?
- Yes
Scheme information
- Scheme information: Age Pension
- Year introduced:
- 1900
- Monthly pension benefit:
- 1506 Australian Dollars (1558 US$)
- 27.74 % of average income
- 2521 % of international poverty line
- Age of eligiblity:
- 65 (men) 64 (women)
- Targeting:
- Means-tested
- % of population over 60 covered:
- 50%
- Total cost:
- 2.24% of GDP
Resources on the pension in Australia
-
Australian government: age pension (webpage)
Year: 2012
Government webpage on the Austalian social pension
-
Australian government: age pension eligibility (webpage)
Year: 2012
This Government website outlines the eligibility criteria for Australia's social pension.
-
Pensions at a glance 2011: Australia
Year: 2011 | Published by: OECD
Country Profile from OECD's "Pensions at a glance 2011: Retirement-income systems of OECD countries".
-
Social security programs throughout the world: Asia and the Pacific, 2010
Year: 2011 | Published by: Social Security Administration (SSA), International Social Security Association
This database provides information on social security programmes in Asia and the Pacific.
-
Australia Year Book 2009/10
Year: 2011
This publication includes information on the budget for Australia's social pension.
