OECD Pensions at a Glance 2005
Public Policies across OECD Countries
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
--Henry J. Aaron
The Brookings Institution
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Sweden
The new pension system, introduced in 1999, applies to people aged 45 or under at the time of reform. The old and the new systems will cover older workers proportionally: people born 1938-53 will receive pensions under a mix of the old and new rules. The earnings-related part is based on notional accounts. There is a small mandatory contribution to individual, defined-contribution pensions and an income-tested top-up. Occupational pension plans – with defined-benefit and defined-contribution elements – have broad coverage...
Also available in: French
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