Pensions at a Glance 2013
OECD and G20 Indicators
This comprehensive examination of pension systems in OECD and selected non-OECD countries looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, pension entitlements, and private pensions before providing a series of detailed country profiles.
Gross pension replacement rates: Public and private schemes
Private pensions play a large and growing role in providing incomes for old age. This is illustrated with calculations of gross pension replacement rates which distinguish the contributions of public and private sectors. The OECD average for replacement rates of an average earner from public schemes alone is 41%, compared with 54% with mandatory private pensions included. When voluntary private pensions, under typical rules, are added, the average replacement rate is 68% for an average earner.