Venezuela, Bolivarian Republic of

Basic country data

  • Population 60 and over (2018)
  • 3,311,801
  • % of total
  • 10.2%
  • Population 60 and over (2050)
  • 9,028,821
  • % of total
  • 27.9%
  • Total pension coverage*
  • 56%
  • Does the country have a social pension?
  • Yes
  • Region
  • Latin America & Caribbean
  • Income group
  • Upper middle income

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

Data on social pensions

Gran Mision Amor Mayor

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Gran Mision Amor Mayor
  • Year first social pension introduced
  • 2011
  • Administrative Organisation
  • Instituto Venezulano de los seguros sociales
  • Legislative Underpinning
  • Decreto No. 8.694, 2011

2013

Government of Venezuela: Gran Misión en Amor Mayor Venezuela (webpage) (Spanish)

Eligibility criteria

2015

Government of Venezuela: Gran Misión en Amor Mayor Venezuela (webpage) (Spanish)

Listado de pension amor mayor y ivss mes de mayo de 2015

Adequacy

2014

Non-contributory social protection programmes in Latin America and the Caribbean database (ECLAC)

Coverage

  • Number of recipients
  • 559,799
  • Coverage of population over the age of eligibility
  • 16.3%
  • Coverage of population 60+
  • 20.0%
  • References and notes

2015

HelpAge calculation from benefit amount(2015) and recipient number(2014)

Cost

  • Total cost (local currency)
  • 49,855,721,331.96001 Bolivars
  • Cost as % of GDP
  • 0.9%
  • References and notes

In late 2011 a social pension programme "Gran Mision Amor Mayor" was announced in Venezuela. This news report discusses the eligiblity criteria and shows older people registering for the pension.

Resources on the pension in Venezuela, Bolivarian Republic of

Social pensions database

Explore the Social pensions database

Calculator

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