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This fourth edition of Pensions at a Glance provides an expanded range of indicators for comparing pension policies and the outcomes of these policies between OECD countries. The indicators are also, where possible, provided for new OECD member countries and the other major economies that are members of the G20. In Part I, five special chapters provide deeper analysis of the central issues of pensions, retirement and life expectancy.
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Pension policy has always involved balancing the adequacy of benefits with their affordability. This balancing act has got harder as a result of the recent economic and financial crisis. It adds to the existing and much greater challenge to pension systems arising from population ageing. Despite these short-term problems, it is important to remember that pensions are a long-term issue.
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Controversies over pension reforms in general – and increases in pension age in particular – have never been far from the news headlines since the previous edition of Pensions at a Glance was published in June 2009. It is appropriate, therefore, that the theme of this 2011 edition is pensions, retirement and life expectancy and the links between them.
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