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According to the International Monetary Fund and Deloitte, some have strong economies and stable political environments.
Others struggle with institutionalized corruption and economic dysfunction.
Some rely on mineral deposits, forestry, oil and other natural resources.
Others depend on trade, tourism or foreign alliances.
Theretirement landscapevaries just as dramatically from one place to the next.
In some countries, employer-based plans do most of the heavy lifting.
In others, millions of seniors are struggling in poverty.
For context, thats the equivalent of nearly six times the countrys minimum wage.
The results have left much of the countrys aging population in dire straits.
Most retirees live on less than the countrys minimum wage, which recently rose to $547 per month.
Every year of contributions beyond 40 years earns another 1.25%.
Recipients get 12 monthly payments plustwo bonus paymentsper year.
In 2025, the country plans to increase the benefit to $196.35.
The benefits under the noncontributory pension system are also among the highest in the region.
Thats a 233% increase from 2022, when it was $26.
Early retirement at age 60 reduces that rate to a minimum of 1.20%.
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