Pensions at a Glance 2009

Retirement-Income Systems in OECD Countries

image of Pensions at a Glance 2009
Pension and retirement policies have changed dramatically in recent years, as governments have tried to balance the goals of adequate retirement incomes and the long-term financial sustainability of pension systems in the face of population ageing. Pensions at a Glance 2009 provides a consistent framework for comparing pension policies between countries along with reliable data.

This third edition updates information on key features of pension provision in OECD countries and provides projections of retirement income for today’s workers. It offers an expanded range of indicators, including measures of assets, investment performance, coverage of private pensions, public pension spending, and the demographic context and outlook.

Four special chapters provide an in-depth look at important issues in pension policy today. The first examines the implications of the present financial and economic crisis on pension systems. Which countries and which individuals are most affected? What can governments do to help and which policies should they avoid? The second looks at incomes and poverty of older people, looking at trends over the past two decades. In many countries, the position of pensioners has improved relative to the population as a whole, but there remain pockets of old-age poverty. The third updates the analysis of pension reforms in the second edition of Pensions at a Glance. How have pension systems changed in the period 2004‑08? The final special chapter considers coverage of voluntary private pensions, extending the analysis to look at how this varies with age and earnings. It also evaluates five different policies to expand coverage.

This book includes StatLinks, URLs under each graph and table linking to Excel® files containing the underlying data.

“An extraordinarily useful and careful compilation of pension information for a wide-range of countries, presented in a common format and following a thoughtful structure. The authors have brought cross-national pension comparisons to a new level, and they are to be commended for their intensive efforts. [This] represents some of the smartest comparative work out there, by people intimately familiar with the nuances – and complexities – of comparative pension work.”

– Olivia Mitchell, Director of the Boettner Centre for Pensions and

Retirement Research, Wharton School, University of Pennsylvania.

English Also available in: German, French

Indicators of Pension Policies

Part II updates the important indicators of retirement-income systems developed for the first and second editions of Pensions at a Glance. It also offers an expanded range of indicators. This information – presented in a clear, “at a glance” style – provides a comprehensive and consistent framework for comparing and evaluating pension systems and pension policies.

The 17 indicators are divided into three categories. The first of these groups comprises indicators of individual pension entitlements under all 30 of OECD member countries’ pension regimes. Along with the familiar measure of pension replacement rates, there are indicators of pension wealth, the progressivity of retirement-income systems and the balance between public and private provision.

The second group of indicators looks at retirement-income systems as a whole. These comprise data on contribution rates for public pensions, assets in private pension funds and national pension reserves, coverage of private pensions and expenditure on pension benefits.

The third and final category of indicators relate to the background and context in which retirement-incomes systems must operate. These include key demographic measures – such as life expectancy and fertility – and average earnings.

English Also available in: French, German

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