Basic (01-19)

GN 01760.010 Overview of the Uruguayan Social Security System

The Uruguayan social security system provides old-age retirement, disability, and survivor benefits.

The Uruguayan statutory pension system is a three-pillar structure.

  • The first pillar is a non-contributory means tested social assistance payment for low income workers, financed by general government revenues. It is a flat-rate benefit adjusted downward as a person’s retirement income increases. First pillar benefits are not included within the scope of this agreement.

  • The second pillar provides benefits on the basis of old age, disability, and death, financed on a pay as you go basis. Second pillar benefits are included within the scope of this agreement.

  • The third pillar is a mandatory, fully-funded system invested in individual pension funds. This system is mandatory for all wage earners or self-employed persons in Uruguay who earn over a statutorily defined limit. Third pillar benefits are included within the scope of this agreement.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0201760010
GN 01760.010 - Overview of the Uruguayan Social Security System - 01/10/2019
Batch run: 01/10/2019
Rev:01/10/2019