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OECD Pensions at a Glance 2005

Public Policies across OECD Countries

image of OECD Pensions at a Glance 2005

The first comprehensive book of its kind, this comparison of key features of pension systems of OECD countries provides coverage of retirement ages, benefit accrual rates, ceilings, and indexation.  Future pension entitlements are shown for full-career workers at different earnings levels. Indicators measure redistribution in pension systems, the cost of countries' pension promises, and potential resource transfer. Thirty country chapters explain pension systems and replacement rates in detail.

"Pensions at a Glance is a significant undertaking and a major contribution to the body of comparative international pensions literature. The publication will serve as an important resource to those in the pensions policy community."

--Ladan Manteghi, AARP Global Aging Program

“This book is a valuable reference for policymakers, academics, and business people concerned about retirement systems in the developed world.”

--Olivia S. Mitchell, Executive Director, Pension Research Council,

The Wharton School, University of Pennsylvania

"The massive OECD report, Pensions at a Glance, deserves much more than a glance.  It is compendium of facts and analyses that should inform policy-making and public debate around the world for years to come.  By providing in clear and easy-to-understand form a wealth of information about pension systems throughout the OECD, it will make it much harder for even the most insular to ignore the valuable lessons to be learned from the pension experience of other nations."

--Henry J. Aaron

The Brookings Institution

English Also available in: Korean, French, German

United Kingdom

Britain has a complex pension system, which mixes defined-benefit and definedcontribution formulae and public and private provision. The public scheme has two tiers (a flat-rate basic pension and an earnings-related additional pension), which are complemented by a large voluntary private pension sector. Most employee contributors “contract out” of the state second tier into private pensions of different sorts. A new income-related benefit (pension credit) has recently been introduced to target extra spending on the poorest pensioners...

English Also available in: French

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