Basic country data

  • Population 60 and over (2018)
  • 3,470,580
  • % of total
  • 10.7%
  • Population 60 and over (2050)
  • 9,509,613
  • % of total
  • 29.2%
  • Does the country have a social pension?
  • Yes
  • Region
  • Latin America & Caribbean
  • Income group
  • Upper middle income

Data on social pensions

Pension 65

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Pension 65
  • Year first social pension introduced
  • 2011
  • Administrative Organisation
  • Ministry of Development and Social Inclusion (MIDIS)
  • Legislative Underpinning
  • Supreme Decree No. 081-2011-PCM

Eligibility criteria

  • Age of eligibility
  • 65
  • Targeting approach
  • Means-tested
  • Detailed eligibility criteria
  • Living in extreme poverty. Not entitled to a public or private pension or any form of social security. Not enrolled in any other social protection programme, with exceptions made for programmes around health or nutrition. Copy of National Identity - DNI required.
  • References and notes

Adequacy

2015

Pension 65 exceeded 2015 goal: users exceeded half a million seniors in extreme poverty

Coverage

Pension 65: Presentation by Norma Vidal

The following presentation (in Spanish) was made at an international seminar hosted by the International Labour Organisation and HelpAge International in May 2012 on "Social Security Systems in Latin America: Challenges for the Extension of Social Protection Coverage in the Andean Region". The presentation by Norma Vidal, Peru's representative at the seminar, describes the Pension 65 in Peru.


Pension 65 and the Peruvian elections

On 5 June 2011, Ollanta Humala won Peru's presidential election. A key promise during his election campaign was that he would introduce a "Pension 65", a social pension of 250 soles (US$90) per month to all older people over the age of 65 currently not receiving any other pension. The policy drew directly from lobbying by HelpAge partners in Peru including the National Association of Older People (ANAMPER).

Following the election, the decision was taken to implement the pension on a means-tested bases. See the resources below for information on the roll out of the pension.

This video shows the moment when Humala announced the Pension 65 during a dialogue with presidential candidates held by the ANAMPER network.

The next video shows a political broadcast by Ollanta's party - Gana Peru - on the proposal for a Pension 65:

Resources on the pension in Peru

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