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Pensions at a Glance. Asia/Pacific.
| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Organization | The World Bank |
| Abstract | The report analyses the retirement income systems of 18 Asian countries, including Australia, China, India, Indonesia, Pakistan, the Philippines and Vietnam. It says that reform is needed because: coverage of formal pension systems is relatively low; withdrawal of savings before retirement is very common; pension savings are often taken as lump sums and often do not provide people with adequate income over their lifetime; pensions payments are not automatically adjusted to reflect changes in the cost of living. In OECD countries, an average of 70% of the working-age population are eligible for a pension. However in South Asia, just 7.5% of the working-age population are eligible and in East Asia 18%. Furthermore, few countries in Asia/Pacific have social pensions to provide safety-net retirement incomes for people who are not members of formal schemes. Only in India are social pensions significant, with around 10 to 15% of older people covered. |
| Page Count | 102 |
| e-ISBN | 9789264059771 |
| Language | English |
| Publisher | OECD Publishing |
| Publisher Date | 2009-01-08 |
| Access Restriction | Open |
| Subject Keyword | Social Issues/Migration/Health |
| Content Type | Text |
| Resource Type | Book |
