Bahamas

Basic country data

  • Population 60 and over (2018)
  • 56,085
  • % of total
  • 14.1%
  • Population 60 and over (2050)
  • 131,360
  • % of total
  • 32.9%
  • Total pension coverage*
  • 80%
  • Does the country have a social pension?
  • Yes
  • Region
  • Latin America & Caribbean
  • Income group
  • High income

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

Data on social pensions

Old Age Non-Contributory Pension (OANCP)

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old Age Non-Contributory Pension (OANCP)
  • Administrative Organisation
  • National Insurance board
  • Legislative Underpinning
  • Consolidated National Insurance Act (2002)

2015

Bahamas National Insurance Board: Assistances (webpage)

Eligibility criteria

2015

Social Security Programs Throughout the World: Americas, 2013

Adequacy

  • Monthly benefit (local currency)
  • 236.72 Bahamas $
  • US$
  • 237
  • % of GDP per capita
  • 11.3%
  • $ PPP
  • 240.1
  • % of $1.90 poverty line (PPP)
  • 415%
  • Local amount detailed/other benefits
  • B$59.18 a week is paid. This results in a monthly transfer amount of B$236.72
  • References and notes

Coverage

Cost

Resources on the pension in Bahamas

Social pensions database

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Calculator

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