RT Book, Section
A1 OECD
T1 Basic, Targeted and Minimum Pensions
JF OECD Pensions at a Glance
YR 2011
FD Mar 17
SP 108
OP 109
AB Retirement-income programmes designed to ensure adequacy of old-age incomes make up the first tier of the OECD’s taxonomy of pension systems, which was set out in the previous indicator of the architecture of national pension schemes. Safety-net retirement benefits are worth 21.6% of economy-wide mean earnings on average. Eleven countries provide a minimum pension above this safety-net level. For full-career workers, the average retirement income – including these contributory minimum pensions – is 24.4% of economy-wide average earnings. About a third of older people receive some support from basic, targeted or minimum pensions on average.
PB Organisation for Economic Co-operation and Development
DO 10.1787/pension_glance-2011-11-en
UL http://www.oecd-ilibrary.org/;jsessionid=1sqtkhnra6tna.x-oecd-live-01content/chapter/pension_glance-2011-11-en