2015 – Can Pension Systems Keep Delivering? Some Trends in Sustainability Indicators Over Recent Years
One of the advantages of conducting an annual review of pension systems around the world is that we can observe changes over time. This provides the opportunity to go beyond the immediate assessment of particular pension systems and assess whether there has been any improvement or deteriotation over recent years.
In this chaprter we will consider several indicators relating to the sustainability of pension systems including:
- the level of pension fund assets, expressed as a percentage of a country’s GDP (Question S2);
- the period of retirement (Question S3);
- the labour force participation rate at older ages (Question S5); and
- the level of government debt, again expressed as a percentage of GDP (Question S6).
These represent the indicators within the sustainability sub-index that are likely to change over time, even in the absence of any significant pensionre form. Improvement in these indicators will show increasing sustainability of pension systems.