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This fifth edition of Pensions at a Glance provides a range of indicators for comparing pension policies and their outcomes between OECD countries. The indicators are also, where possible, provided for the other major economies that are members of the G20. Two special chapters () provide deeper analysis of recent pension reforms and their impact and of the role of housing, financial wealth and public service for retirement income adequacy.
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In OECD countries, the pension landscape has been changing at an astonishing pace over the past few years. After decades of debate and, in some cases, political standstill, many countries have launched significant pension reforms, including higher retirement ages, changes in the way entitlements are calculated and other measures to introduce savings in their pension systems.
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This edition of Pensions at a Glance examines the distributional impact of recent pension reforms and analyses how housing, financial wealth and publicly provided services may affect living standards in old age. It also contains a comprehensive selection of pensions policy indicators, covering: the design of pension systems; future pension entitlements for men and women at different earnings levels; finances of retirement-income systems as a whole; the demographic and economic context in which retirement-income systems operate; private pensions and public-pension reserve funds. The publication also includes profiles of the pension systems for all OECD and G20 countries.
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This chapter first sets out the most important elements of pension reform in the 34 OECD member countries between January 2009 and September 2013. It thus updates and continues the analysis in the 2009 edition of Pensions at a Glance which examined pension reforms from 2004 to the end of 2008. The second part of the chapter examines the distributional impact of pension reforms over the last 20 years, looking only at those countries which have undertaken reforms that go beyond solely raising the retirement age.
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examines adequacy of retirement incomes from a wider perspective than pension entitlements of current and future retirees. As living standards in retirement are also influenced by a range of other factors, the analysis looks at the role that housing wealth, financial wealth, and the value of publicly-provided services play on the adequacy of elderly people’s incomes.
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