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Pensions at a Glance Asia/Pacific 2018

image of 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.

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Pension earnings link

The pension earnings link, showing the link between pension entitlements and individual earnings, varies widely between economies. Levels in Indonesia, Hong Kong, China and particularly New Zealand show that there is virtually no link, whereas Viet Nam, China and Pakistan display a strong link between pension entitlements and individual earnings. The relative pension levels are used here to illustrate the link between individual pre-retirement earnings and pension benefits in each economy. They are shown for individual earnings from 0.5 to 2 times average earnings levels.

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Graphs

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