Pensions at a Glance 2019
OECD and G20 Indicators
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The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.
This edition also updates information on the key features of pension provision in OECD 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
Gross pension replacement rates
Most OECD countries aim to protect low-income workers (here defined as workers earning half of average worker earnings) from old-age poverty, which results in higher replacement rates for them than for average earners. Low-income workers would receive gross replacement rates averaging 60%, compared with 49% for average-wage workers. Some countries, such as Australia, Ireland and Korea, pay relatively small benefits to average earners, but are closer to or even above average for low-income workers. However, projected replacement rates in nine countries are the same for a full career at average and half-average pay: Austria, Finland, Germany, Hungary, Italy, Latvia, Spain, Sweden and Turkey.
Also available in: French
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