State Retirement Pensions: Expenditure

It is difficult to make comprehensive direct comparisons between different countries’ spending on State Pensions as a proportion of GDP because there are many fundamental differences in the types of system and the wider social and economic contexts. There are many factors to take into account such as different tax systems, cost of living, access to occupational pensions and their taxation treatment plus the availability of healthcare free at the point of use, other social security benefits and the provision of services and goods free to pensioners or at concessionary rates.