Pensions at a Glance Asia/Pacific 2018
Many of Asia’s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades. The demographic transition – to fewer babies and longer lives – took a century in Europe and North America. In Asia, this transition will often occur in a single generation. Asia’s pension systems need modernising urgently to ensure that they are financially sustainable and provide adequate retirement incomes. This report examines the retirement-income systems of 18 countries in the region. The report provides new data for comparing pension systems of different countries. It combines the OECD’s expertise in modelling pension entitlements with a network of national pension experts who provided detailed information at the country level, verified key results and provided feedback and input to improve the analysis.
Net pension wealth
Net pension wealth, the present value of the flow of pension benefits, again varies by economy, ranging from 22.1 for men in China (24.8 for women in Viet Nam) for low earners to 4.2 and 4.6 for men and women in Thailand at high earnings level. Malaysia and Viet Nam have the highest levels for both average and high earners.
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