Retirement and Pension Systems Compared Globally
The
Mercer CFA Institute Global Pension Index 2021 results, which compares global
retirement income systems affecting 5.1 billion or 65% of the global population,
has been analyzed and published. Three countries of the forty-three examined earned
the grade of “A”, described as “a robust retirement income system that delivers
good benefits and is sustainable with a high level of integrity” (Mercer, 2021,
p. 5).
The
highest scoring was Iceland [84.2], followed by the Netherlands [83.5], and
Denmark [82]. While none of the systems earned a failing grade of “E,” eight
countries earned a “D” grade including Japan, Mexico, South Korea, Turkey,
India, Philippines, Argentina, and Thailand. The scores were earned by a rubric
fifty indicators [overall score] and three sub-index values including adequacy,
sustainability, and integrity.
References:
Mercer/CFA Website, Global
Pension Index 2021. At the bottom of this link, there are three documents for
download:
Global
Pension Index 2021
Report
Highlights
Gender
Pension Gap Report
https://www.mercer.com/our-thinking/global-pension-index-2021.html
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