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120214 ||| eng |
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|a 9789264059771
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| 245 |
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|a Pensions at a Glance
|h Elektronische Ressource
|b Asia/Pacific
|c Organisation for Economic Co-operation and Development and The World Bank
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| 260 |
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|a Paris
|b OECD Publishing
|c 2009
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| 300 |
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|a 102 p
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| 653 |
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|a Social Issues/Migration/Health
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| 710 |
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|a Organisation for Economic Co-operation and Development
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| 710 |
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|a The World Bank
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|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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|a /10.1787/9789264059771-en
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/9789264059771-en
|x Verlag
|3 Volltext
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|a 304
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|a 610
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|a 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
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