Definition: Old age pension
Periodic payments intended to i) maintain the income of the beneficiary after retirement from gainful employment at the legal/standard age or ii) support the income of elderly persons (excluding support of limited duration).
This definition is identical in versions 1996, 2008 and 2011 of the Manual.
This definition is also used in the Commission Regulation (EC) No 1980/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards definitions and updated definitions.
Eurostat, "ESSPROS Manual - The European System of integrated Social Protection Statistics", 2011 Edition, Office for Official Publications of the European Communities, Luxembourg, 2011