Your age pension entitlement depends on the value of your assets (the assets test) and the income you receive (the income test). (moneysmart.gov.au)
Under the pensions white paper announced earlier this year, social work such as caring for children or elderly relatives would be given the same status in terms of pension entitlement as other work. (politics.co.uk)
It points out that although the Western economies have difficulties with the rising costs of pension entitlement for its aging populations, societies are adapting through increases in retirement age and other measures. (sciencedaily.com)