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.
Also available in: French
Net pension replacement rates: Mandatory and Voluntary schemes
For the 17 OECD countries where the calculations cover only public pensions, the net replacement rate for a full-career average earner is 73% on average. For the 10 OECD countries with public and mandatory private provision, but no voluntary schemes the average net replacement rate is 61%. In the 11 countries where voluntary pensions are modelled the average net replacement rate is 47% from mandatory schemes and reaches 70% for a worker choosing to contribute for the whole career.
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