Pensions at a Glance 2021
OECD and G20 Indicators
The 2021 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the past two years. Moreover, the special chapter focuses on automatic adjustment mechanisms in pensions systems in OECD countries, discusses the usefulness and limitations of these policy instruments, and suggests ways to improve them in order to enhance the capacity of pension systems to fulfil their objectives. This edition also updates information on the key features of pension provision in OECD and G20 countries and provides projections of retirement income for today’s workers. It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement‑income systems and private pensions.
Egalement disponible en : Français
Recent pension reforms
This chapter looks into pension developments over the past two years, including both the effects of the COVID‑19 crisis and pension reforms introduced in OECD and G20 countries between September 2019 and September 2021. In response to the COVID‑19 crisis, measures were introduced to protect the income of workers and pensioners and to limit job losses, with limited impact on accruing pension entitlements. Moreover, recent pension reforms have focused on adjusting retirement ages, extending early retirement options, expanding first-tier pensions and adjusting benefits and contributions in earning-related schemes, including to encourage combining work and pensions. The chapter also summarises the extent to which ageing pressure affected pension spending since 2000 and assesses whether longevity gains had been slowing before the COVID‑19 crisis.
Egalement disponible en : Français