Pensions at a Glance 2017
OECD and G20 Indicators
The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people’s preferences regarding flexible retirement, the actual use of these programs and the impact on benefit levels.
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.
Incomes of older people
Incomes of older people are on average lower than those of the population, even when differences in household size are taken into account. The over-65s had incomes of 88% of the total population’s in 2014. The incomes of the people aged between 66 and 75 equalled 93% of the total population’s while the over-75s had income equal to 80% of the total population’s. In most OECD countries, public transfers provide the bulk of income in old age.
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