Transition to retirementis a highly anticipated moment for many employees when they plan to realize their dreams, such as… travel to distant countrieslooking for a new hobbyor spend time with family.

However, in many parts of the world, people have reached retirement age. they do not have enough moneyto provide for their needs, let alone fulfill their desires in old age.

Globally evaluate the different retirement systems, Mercer CFA Institute created pension indexwho compares 47 systems retirement income, including 64 percent of the world’s population.

Ranking: The best retirement systems

She obtained the best result in the last ranking The Netherlandsfollowed by Iceland, Denmark And Israel. All four countries achieved the highest score grade “A” in the rating system.

According to Mercer CFA Institute Global Retirement Index 2023they have solid system the retirement income it provides good benefits. “A” rated systems are durable and have a high level of integrity.

The highest overall value of the indicator is 85 points, and that’s it despite a major pension reform underway, had the Netherlands. The Dutch system is well equipped to offer excellent relational benefits with the transition to a collective welfare structure see you individual approach based on defined contributions.

Among the countries evaluated the worst retirement system with the lowest value of the general indicator had Argentina (42.3).

The least balanced in Austria, South Korea… insufficient

Uses of the index a weighted average of partial indicators of adequacy, sustainability and reliability. This means that scores in three particular categories (suitability, sustainability, reliability), called sub-indexes, were important for place in the final ranking. For each sub-index, a different country was at the top. In terms of adequacy had the highest subindex value Portugal (86.7). Iceland was at the top of the list in terms of Sustainable development (83.8), a Finland in terms of reliability (90.9).

Systems with the lowest values ​​in all subindexes were as follows: South Korea had the lowest rate in the range adequacy (39.0), Austria in terms of Sustainable development (22.6) I Philippines in terms of reliability (25.7).

Ranking: How is the Polish pension system doing?

According to the Mercer CFA Institute Global Retirement Index in 2023 Polish pension system He gets second lowest grade of “C” and with an overall score of 57.6 points. placed on 29th place among 47 countries surveyed. In terms of adequacy The Polish pension system (59.8) was on the move 31st placein terms of Sustainable development (45.4) Poland took over 34th place. While reliability of the Polish pension system was rated at 71.2, which gives 29th place throughout the study group.