The gross replacement rate shows the level of pensions in retirement relative to earnings when working. For workers with average earnings, the gross replacement rate averages 62% in the 26 LAC countries. But there is significant cross-country variation. At the bottom of the range, the Dominican Republic, Haiti, Mexico and Suriname offer future replacement rates of less than 30% for people starting work today with average earnings throughout their career. Ecuador, Nicaragua, Paraguay and Venezuela, at the top of the range, offer replacement rates of more than 90%. Other countries with high projected replacement rates (between 75% and 80%) are Argentina, Costa Rica and Panama.