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Pensions at a Glance 2013

OECD and G20 Indicators

image of Pensions at a Glance 2013

This comprehensive examination of pension systems in OECD and selected non-OECD countries looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, pension entitlements, and private pensions before providing a series of detailed country profiles.

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Gross pension replacement rates

The gross replacement rate shows the level of pensions in retirement relative to earnings when working. For workers with average earnings, the gross replacement rate averages 54% in the 34 OECD countries. But there is significant cross-country variation. At the bottom of the range, Mexico and the United Kingdom offer future replacement rates of less than a third to people starting work today. The Netherlands at the top of the range, offer replacement rates of more than 90%. Other countries with high projected replacement rates are Denmark at 79% and Austria at 77%.

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