OECD Pensions Outlook 2012

This edition of the OECD Pensions Outlook examines the changing pensions landscape. It looks at pension reform during the crisis and beyond, the design of automatic adjustment mechanisms, reversals of systemic pension reforms in Central and Eastern Europe, coverage of private pension systems and guarantees indefined contribution pension systems. It closes with a policy roadmap for defined contribution pensions and a statistical annex.

Governments will need to raise retirement ages gradually to address increasing life expectancy in order to ensure that their national pension systems are both affordable and adequate, according to the report. At a time of heightened global economic uncertainty, such reforms can also play a crucial role in governments’ responses to the crisis, contributing to fiscal consolidation at the same time as boosting growth.

Note: This OECD publication can be accessed in a 'Browse it' or 'Look inside' format from the OECD website (i.e. you cannot freely print out or download). To obtain full access you need to use the OECD iLibrary (replacing SourceOECD) or purchase a paper or electronic version from the OECD Bookshop.

Website: OECD iLibrary http://www.oecd-ilibrary.org/

ESO: Background information: Pensions http://www.europeansources.info/record/pensions-2/

OECD: Press Release, 11.6.12: Pensions: Raising retirement ages and expanding private pension coverage essential, says OECD http://www.oecd.org/document/35/0,3746,en_21571361_44315115_50555875_1_1_1_1,00.html

---