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Insurance and pensions

Retirement Savings in the Time of COVID-19

 

DATE OF PUBLICATION
14 December 2020

 

 

FORTHCOMING 14 DECEMBER 2020


The outbreak of the COVID-19 pandemic has provoked a global health, economic and financial crisis. These events, unprecedented in recent history, are having an impact on retirement savings and old-age pensions, adding to the significant challenges many countries were already facing in this domain.

Retirement Savings in the Time of COVID-19 assesses the impact of COVID-19 on retirement savings and old-age pensions in OECD countries, with a greater focus on the former where contributions are invested in capital markets to with a view to financeing future retirement benefits. The report first assesses the impact of the crisis on public pension entitlements and on public pension finances. It then analyses the challenges facing retirement savings and describes the policy and supervisory responses affecting retirement savings arrangements. Finally, it considers whether and how assets earmarked for retirement could be used to support the economy during and in the aftermath of the COVID-19 crisis.

This report complements the 2020 edition of the OECD Pensions Outlook which analyses pension policy issues in OECD countries covering both public and private, defined benefit and defined contribution, pay-as-you-go and funded retirement provisions. It discusses policy guidelines to help governments strengthen the resilience of their retirement savings and old-age pension systems.

 

 

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