Abstract:
This study examines the complex world of universal pension plans, illuminating its technological
role, social welfare impact, historical development, and economic ramifications. Through a
worldwide examination, the research juxtaposes various models and variants among nations,
drawing conclusions and producing fact-based policy suggestions.
The economic aspect looks into the viability of universal pension plans financially and examines
how they affect public coffers and long-term economic stability. Concurrently, the influence on
social welfare explores ways to reduce poverty, raise living conditions, and promote the general
welfare of the senior citizenry, highlighting the contribution of the programs to the betterment of
society.
Important topics covered are public perception and participation, which look into what
influences people's awareness, trust, and level of personal involvement. The paper addresses the
issues brought on by aging populations and takes into account how well these plans adjust to
changes in the population.
The focus of this research is on the use of technology in universal pension plan administration,
specifically looking at digital solutions that improve efficiency, inclusivity, and transparency. To
further comprehend the collaborative dynamics and stakeholder involvement in designing and
altering these programs, an assessment is conducted of the inter-agency coordination and public
consultation processes.
This research contributes comprehensive insights to policymakers, practitioners, and researchers
in the field of social security and retirement planning. By addressing global perspectives and
specific case studies, it aims to inform evidence-based decision-making, fostering the continued
development and enhancement of universal pension schemes worldwide.
