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Pensions at a Glance 2023

OECD and G20 Indicators

image of Pensions at a Glance 2023

The 2023 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. It includes a special chapter focusing on pension provisions for hazardous or arduous work. It describes existing rules, characterises recent policy trends and assesses the design and functioning of early-retirement rules for hazardous or arduous jobs given changing working conditions and ageing pressure on pension systems.

This edition also updates information on the key features of pension provision in OECD and G20 countries and provides projections of retirement income for today’s workers. It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement income systems and private pensions.

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Incomes of older people

People over 65 had incomes amounting to 88% of the overall average population incomes in 2020 or the latest year available on average across countries (Table 7.1). Older people fared best in Costa Rica, France, Israel, Italy, Luxembourg and Mexico in relative terms where incomes for the over‑65s were about or slightly higher than for the total population. Older people also had high relative incomes on average in Greece, Iceland, Portugal, Spain and Türkiye in international comparison. In Estonia, Korea and Lithuania, by contrast, the income of older people was about one‑third lower.

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