Basic country data

  • Population 60 and over (2018)
  • 115,042
  • % of total
  • 26.6%
  • Population 60 and over (2050)
  • 154,199
  • % of total
  • 35.7%
  • Does the country have a social pension?
  • Yes
  • Region
  • Middle East & North Africa
  • Income group
  • High income

Data on social pensions

Non Contributory Age Pension

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Non Contributory Age Pension
  • Year first social pension introduced
  • 1956
  • Administrative Organisation
  • Department of Social Security
  • Legislative Underpinning
  • Old Age Pensions regulations (1948)

2015

Government of Malta: Non Contributory Age Pension (Webpage)

Eligibility criteria

  • Age of eligibility
  • 60
  • Targeting approach
  • Means-tested
  • Detailed eligibility criteria
  • Not eligible for a contributory pension. Subject to a capital resource and means test. Capital resources cannot exceed 23300 Euros (couples) or 14000 Euros (individuals).
  • References and notes

Adequacy

  • Monthly benefit (local currency)
  • 431.21 Euros
  • US$
  • 462
  • % of GDP per capita
  • 29.0%
  • $ PPP
  • 771.4
  • % of $1.90 poverty line (PPP)
  • 1,335%
  • Local amount detailed/other benefits
  • The weekly transfer amount for an individual is 99.51 Euros. For a married couple where only one qualifies the weekly transfer amount is 87.34 Euros. For a married couple where both qualify the weekly transfer amount is 133.25 Euros. This results in monthly transfer rates of 431.21 Euros, 354.60 Euros and 549.21 Euros respectively.
  • References and notes

Coverage

Cost

Resources on the pension in Malta

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