Pension Systems At Risk Of Creating Inter-Generational Equity Issues
Unsustainable pension systems in some countries need to learn from leading countries or risk creating intergenerational equity issues and disappointed retirees.
Now measuring 30 countries and covering 60% of the world’s population, this year’s ninth edition of the Melbourne Mercer Global Pension Index urges countries with unsustainable pension systems to take action now, rather than risk the need to take even more drastic action in the future.
Jacques Goulet, President of Health and Wealth at Mercer, stresses the need for countries to address sustainability when considering pension reform. “Increasing life expectancies and low investment returns are having significant long-term impacts on the ability of many systems around the world to deliver adequate retirement benefits both now and into the future,” Mr Goulet says. “These pressures have alerted policy makers to the growing importance of intergenerational equity issues.”
Read more @CNBC Africa
