Basic country data

  • Population 60 and over (2018)
  • 2,620,809
  • % of total
  • 8.9%
  • Population 60 and over (2050)
  • 6,510,009
  • % of total
  • 22.0%
  • Total pension coverage*
  • 56%
  • Type of contributory pension
  • Provident fund
  • Does the country have a social pension?
  • Yes
  • Region
  • South Asia
  • Income group
  • Low income

% of older people (65+) receiving a pension, by type

Data on social pensions

Old Age Allowance

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old Age Allowance
  • Year first social pension introduced
  • 1995

Eligibility criteria

Adequacy

2010/11

National Planning Commission, Assessment of Social Security Programmes in Nepal

Coverage

2010/11 (Recipients) 2016 (Benefit level)

HelpAge Calculation

Cost

  • Total cost (local currency)
  • 15,262,512,000 Rupees
  • Cost as % of GDP
  • 0.7%
  • References and notes

Resources on the pension in Nepal

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