OECD Surveys Pension Systems

Developed and developing nations around the world are struggling with pension crises precipitated by global aging.  The OECD has issued its first comprehensive report on pension systems:

“This comparison of key features of pension systems of OECDcountries provides coverage of retirement ages, benefit accrual rates,ceilings, and indexation.  Future pension entitlements are shown forfull-career workers at different earnings levels.  Indicators measureredistribution in pension systems, the cost of countries’ pensionpromises, and potential resource transfer.  Thirty country chaptersexplain pension systems and replacement rates in detail.”

The critics agree:  two thumbs up!

“Pensions at a Glanceis a significant undertaking and a major contribution to the body ofcomparative international pensions literature. The publication willserve as an important resource to those in the pensions policycommunity.”

— Ladan Manteghi, AARP Global Aging Program

“Thisbook is a valuable reference for policymakers, academics, and businesspeople concerned about retirement systems in the developed world.”

–Olivia S. Mitchell, Executive Director, Pension Research Council,
The Wharton School, University of Pennsylvania

“The massive OECD report, Pensions at a Glance,deserves much more than a glance.  It is compendium of facts andanalyses that should inform policy-making and public debate around theworld for years to come.  By providing in clear and easy-to-understandform a wealth of information about pension systems throughout the OECD,it will make it much harder for even the most insular to ignore thevaluable lessons to be learned from the pension experience of othernations.”

                            –Henry J. Aaron, The Brookings Institution

For the faint of heart, a condensed version is available.