Transcription of Malta: Pension system profile - OECD.org
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Malta: Pension system profile - OECD.org
1 IOPS country Profiles malta , December 2009 malta DEMOGRAPHICS AND MACROECONOMICS Nominal GDP (millions Maltese Lira) 5,634 GDP per capita (USD) 20,254 Population (thousands) 407 Labour force (thousands) 171 Employment rate Population over 65 (%) Dependency ratio1 Data from 2007 or latest available year. 1. Ratio of over 65-year-olds to the labour force. Source: OECD country Pension DESIGN STRUCTURE OF THE Pension system 2 IOPS country Profiles malta , December 2009 malta : Pension system S KEY CHARACTERISTICS PUBLIC Pension In malta , the state Pension provision consists of mandatory earning related Pension scheme, financed on pay as you go basis, which provides old-age pensions, survivor s benefits and invalidity pensions.
3 IOPS Country Profiles –Malta, December 2009 The scheme also provides a minimum pension guarantee. The current minimum pension gurantee is 80%
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