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Pensions at a Glance 2017

OECD and G20 Indicators

image of Pensions at a Glance 2017

The 2017 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, one special chapter focuses on flexible retirement options in OECD countries and discusses people’s preferences regarding flexible retirement, the actual use of these programs and the impact on benefit levels.

This edition also updates information on the key features of pension provision in OECD countries and provides projections of retirement income for today’s workers. It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement-income systems and private pensions.

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Public expenditure on pensions

Public spending on cash old-age pensions and survivors’ benefits in the OECD increased from an average of 6.7% of gross domestic product (GDP) to 8.2% between 2000 and 2013. Public pensions are often the largest single item of social expenditure, accounting for 18% of total government spending on average in 2013.

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