The five indicators in this section look in detail at the design of retirement income systems in OECD countries and other major economies. The first indicator sets out the taxonomy of the different kinds of retirement-income programmes found around the world. It uses this framework to describe the architecture of 44 countries’ pension systems.
The next four indicators set out the parameters and rules of the pension systems. The description begins with the second indicator covering first-tier schemes, showing the values and coverage of basic, targeted and minimum pensions. The third indicator looks at the mandatory earnings-related pensions systems. It shows how benefits are determined in these schemes and the range of earnings that are covered. The fourth and fifth indicators present, respectively, the current and the future retirement ages by pension scheme for an individual entering the labour market at age 22 and working a full, uninterrupted career.