OECD Home › Directorate for Employment, Labour and Social Affairs › Pension systems › Latest Documents
23-June-2009
English, , 441kb
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...
23-June-2009
English, , 353kb
Austria has the second highest public spending on pensions in the 30 OECD countries (after Italy)... The pension replacement rate (pension entitlements relative to earnings) of 80% is much higher than the OECD average of 59%...
23-June-2009
English, , 391kb
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).
23-June-2009
English, , 215kb
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.
23-June-2009
English, , 445kb
The proportion of retirement incomes coming from private pensions and other financial assets in Canada is one of the highest among the 30 OECD countries. Old-age income safety-nets are amongst the highest in the OECD, helping Canada have one of the lowest poverty levels...
23-June-2009
English, , 431kb
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...
23-June-2009
English, , 357kb
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.
23-June-2009
English, , 322kb
No country, and no pension scheme, is immune from the effects of the crisis. Private pension funds lost 23% of their value in 2008, worth a heady US$5.4 trillion. Economic output is falling and unemployment is rising, putting pressure on the finances of public pension schemes as well.
23-June-2009
English, , 365kb
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...
23-June-2009
English
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.
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