The Netherlands and Denmark were the only A-ranked countries in the Melbourne Mercer Global Pension Index report. Sweden got a B rank at 5th place. Australia and Finland placed 3rd and 4th.
The five ranking groups are described like this:
A: ”A first class and robust retirement income system that delivers good benefits, is sustainable and has a high level of integrity.”
B: ”A system that has a sound structure, with many good features, but has some areas for improvement that differentiates it from an A-grade system.”
C: ”A system that has some good features, but also has major risks and/or shortcomings that should be addressed. Without these improvements, its efficacy and/or long-term sustainability can be questioned.”
D: ”A system that has some desirable features, but also has major weaknesses and/or omissions that need to be addressed. Without these improvements, its efficacy and sustainability are in doubt.”
E: ”A poor system that may be in the early stages of development or non-existent.”
Examples of countries in the C group are the UK, the US, Spain and Indonesia. China, Japan and Turkey are in group D. There currently are no countries in group E.
The full report is here:
» Melbourne Mercer Global Pension Index 2019
(Photo by Harli Marten at Unsplash)
