Adequacy (1) Pension entitlements, replacement rates and pension wealth
By Edward Whitehouse
This note briefly sets out a methodology for calculating prospective pension entitlements promised in the future to todays workers. This method can (and has been) applied to a wide range of countries with very different pension systems. The entitlements shown here are prospective. It looks at theoretical values and so illustrates the way the current parameters and rules of pension systems will work for different example individuals. This can be used to assess the adequacy of future benefits.
Full Content: The World Bank
