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10-August-2009

English

Should Pension Systems Recognise "Hazardous and Arduous Work"? (Social, Employment and Migration Working Paper No. 91)

Special pensions for workers in hazardous or arduous jobs have long been a feature of the pension landscape and, recently, they are the subject of a great deal of debate. This paper discusses the incidence, structure and justification of these special pension schemes in OECD countries.

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23-June-2009

English, , 371kb

Pensions at a Glance 2009: Highlights for Germany

The German pension system has so far been less affected by the crisis than many other OECD countries... Replacement rates for low-earners are the lowest within the OECD at 43.0%. But coverage of private pensions is high, especially for lower earners, compared with other OECD countries.<

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23-June-2009

English, , 441kb

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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23-June-2009

English, , 353kb

Pensions at a Glance 2009: Highlights for Austria

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%...

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23-June-2009

English, , 391kb

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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23-June-2009

English, , 445kb

Pensions at a Glance 2009: Highlights for Canada

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...

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23-June-2009

English, , 431kb

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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23-June-2009

English, , 357kb

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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Also Available

23-June-2009

English, , 365kb

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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23-June-2009

English

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.

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