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Pensions at a Glance Asia/Pacific 2022

image of Pensions at a Glance Asia/Pacific 2022

Many of Asia’s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades. Asia’s pension systems urgently need to be reformed to ensure that they are both financially sustainable and provide adequate retirement incomes. This report examines the retirement-income systems of 11 non-OECD countries in the region, comparing the results with a selection of OECD countries. 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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Coverage

Coverage is defined as the proportion of people that are covered by mandatory pension schemes. For the purposes of this report the measures used are: i) the population aged 15 to 64; and ii) the active labour force. The coverage percentage is a measure of how effectively a pension system is being utilised by the pre‑retirement population and can act as an indicator of future trends. The coverage value is expressed as the percentage of the population or labour force that is classified as active members of a mandatory pension system during the indicated year. For this purpose, active members include those that have either contributed or accrued pension rights in any of the major mandatory pension schemes during the indicated year.

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Graphs

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