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Pensions at a Glance 2019

OECD and G20 Indicators

image of Pensions at a Glance 2019

The 2019 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years. Moreover, two special chapters focus on non-standard work and pensions in OECD countries, take stock of different approaches to organising pensions for non-standard workers in the OECD, discuss why non-standard work raises pension issues and suggest how pension settings could be improved.

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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Life expectancy

Remaining life expectancy at 65 significantly contributes to wellbeing at older ages. It also influences the finances of retirement-income systems. In 2015-20, on average in OECD countries, women aged 65 could expect to live an additional 21.3 years, which is forecast to increase to 25.2 years by 2060-65. Men of the same age could expect to live 18.1 more years in 2015-20, with a projected increase of 4.5 years by 2060-65 to reach about 22.5 years. Gender gaps are therefore expected to decrease slightly over the next 45 years (from 3.3 to 2.7 years on average in OECD countries). The improvement in remaining life expectancy at age 65 will slow a little. It increased from 13.7 years in 1955-1960 to 15.9 years in 1985-1990 before accelerating to 19.8 years in 2015-2020 in the OECD on average. It is expected to rise further to 22.6 years in 2045-2050 (Figure 1.4, Panel A in Chapter 1).

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