Social Pensions and their Contribution to Economic Growth
Worldwide, old age pensions are the largest social protection schemes and increasingly common across low and middle-income countries. Uganda’s Senior Citizens Grant (SCG) is a great example, offering Shs25,000 (US$7.00) per month to everyone aged over-65 years (and 60 years in Karamoja) across 15 districts.1 There are currently 153,200 recipients of the pension, reaching 13 per cent of those aged 65 years and over nationwide. A number of other countries in Africa offer similar inclusive pensions to all older people, financed by the government. This report for Uganda's Expanding Social Protection by Stephen Kidd and Anh Tran, demonstrates the contribution of pensions to economic growth at individual, household, community and national levels by drawing on evidence from around the world.