Key features of general pension regimes for old age

Chapter 6 of the Americas Social Security Report 2012 outlines the methods used to perform the calculations, describes the common patterns found in the formulas defined by legislations to calculate old-age pensions, and discusses the more critical assumptions needed to reach calculations of the next chapter.

The chapter describes the main features of general pension regimes for old age. Among these features are: design, minimum and maximum pensions, pensionable ages, early and late retirement, and years of contribution.