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OECD Pensions Outlook 2020

image of OECD Pensions Outlook 2020

The 2020 edition of the OECD Pensions Outlook examines a series of policy options to help governments improve the sustainability and resilience of pension systems. It considers how to ensure that policy makers balance the trade-off between the short-term and long-term consequences of policy responses to COVID-19; how to determine and assess the adequacy of retirement income; how funded pension arrangements can support individuals in non-standard forms of work to save for retirement; how to select default investment strategies; how to address the potential negative consequences from frequent switching of investment strategies; and, how retirement income arrangements can share both the investment and longevity risks among different stakeholders in a sustainable manner. This edition also discusses how governments can communicate in a way that helps people choose their optimal investment strategies.

English

Executive summary

The broadened coverage of job-retention schemes and unemployment benefits has lowered the transmission of the labour market slump to public pension entitlements, but the newly accumulated debt will add pressure on pension finances, already strained by demographic changes.

English Also available in: French

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