Pensions at a Glance
Latin America and the Caribbean
This comprehensive examination of pension systems in Latin America and the Caribbean looks at recent trends in retirement and working at older ages, evolving life expectancy, design of pension systems, and pension entitlements before providing a series of country profiles. The special chapter analyses the coverage and adequacy of Latin American pension systems.
Also available in: Spanish, Portuguese
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Net pension replacement rates
For average earners, the net replacement rate across the LAC averages 66%, which is 4 percentage points higher than the gross replacement rate. This reflects the higher taxes and contributions that people paid on their earnings when working than they pay on their pensions in retirement. Net replacement rates again vary across a large range, from under 24% in the Dominican Republic to well over 100% in Ecuador and Paraguay for average earners.
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