Pensions at a Glance 2009: Highlights for Korea

The old-age dependency ratio in Korea will increase by over 400% in the next 45 years. This is the highest increase among the OECD countries and will leave Korea second only to Japan in 2050. More than 45% of Korea’s pensioners live in poverty (on international measures).

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Pensions at a Glance 2009: Highlights for Italy

Italy had the highest public pension spending of OECD countries in 2005: 14% of national income... Legislated changes in Italy that would have increased the pension age and reduced benefits to reflect increased life expectancy have been postponed.

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Pensions at a Glance 2009: Highlights for Japan

Japan is the OECD’s ‘oldest’ country, with just 2.6 people, of working age for every person aged over 65... Public pensions in Japan are projected to provide the second lowest pensions relative to individual earnings of OECD countries...

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Pensions at a Glance 2009: Highlights for Australia

Australia’s superannuation funds have been heavily hit by the financial crisis, with real losses of 26.7% in 2008.... More than one in four Australian seniors live in poverty on international measures. The OECD welcomes the government’s increase in the age pension to address this problem...

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Unemployment in OECD countries to approach 10% in 2010, says OECD

Unemployment in OECD countries will continue to rise well into 2010, with the average unemployment rate approaching 10%, up from 7.8% in April, according to new OECD projections.

Crisis highlights the need for sweeping pension reforms, says OECD

Governments must continue reforms to ensure that public and private retirement income provision is socially as well as financially sustainable, according to a new OECD report.

Media briefing - Pensions at a Glance

Pension reform remains high on the agenda; the financial and economic crisis has accelerated the pace of change. Encouraging people to work longer is a key objective. Other recent measures aim to improve financial sustainability while ensuring adequate old-age incomes.

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Pensions at a Glance 2009: Highlights for the US

The United States’ private pension funds have been heavily hit by the financial crisis, with real losses of 26.2% in 2008... Nearly one in four US seniors live in poverty on international measures. This is the fifth highest old-age poverty in the OECD countries just under double the OECD average

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• Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries

Pensions at a Glance 2009: Highlights for Ireland

Ireland’s private pension funds have been heavily hit by the financial crisis, with real losses of 37.5% in 2008... More than 30% of Ireland’s pensioners live in poverty (on international measures)...

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• Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries

Pensions at a Glance 2009: Highlights for France

The over-65s rely more on public transfers for their income than almost anywhere else... Reforms of the French pension system have substantially cut future pension benefits for today’s workers: by around 20% for average earners...

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• Pensions at a Glance 2009: Retirement-Income Systems in OECD Countries