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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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United Kingdom

The public scheme has two tiers (a flat‑rate basic pension and an earnings-related additional pension), which are complemented by a large voluntary private pension sector. Most employee contributors contract out of the state second tier into private pensions of different sorts. An income-related benefit (pension credit) targets extra spending on the poorest pensioners.

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