Pensioners in these countries receive 100% pay pension

Pensioners in these countries receive 100% pay pension

Pensioners in the Netherlands, Turkey and Croatia receive more than 100% of their salary when they retire. Indeed, Dutch and Turkish pensioners get 101% and 102% respectively, but Croats get 129%. This, according to the Organization for Economic Co-operation and Development (OECD), which analyzed the data from its 35 member states [...]

Indeed, Dutch and Turkish pensioners get 101% and 102% respectively, but Croats get 129%.

This, according to the Organisation for Economic Co-operation and Development (OECD), which analysed data from its 35 member states and a number of other countries.

Data, compiled as part of O pensions The ECD in a 2017 report also shows that India (99%), Portugal (95%), and Italy (93%) have very competitive retirement rates.

On the other side of the scale, pensioners in the United Kingdom suffer from the worst deal of any OECD country, receiving only 29% of their salary when they retire.

To put this in perspective, average of O ECD is 63% and the average for EU member states is 71%, reports “ScanTv”

The pension rate in the United States is 49%, while in China, which is home to more than 1.4 billion people, the rate is 83%, the OECD data shows.

To combat issues, many countries, including several EU member states and O countries The ECD, is increasing the age at which men and women can retire.

In Great Britain, for example, the age of state pension will rise for both men and women to reach 66 by October 2020.

The government is also planning further growth, which will increase the age of 66-67 between 2026 and 2028.

This year, the UK also made it mandatory for employers to offer a pension scheme at the workplace for staff aged 22 and older, who earn at least $10,000 ($ 13,980) annually.

But experts say increasing retirement age will not be enough to bridge the global pension gap and encourage policymakers worldwide to consider a host of other measures.

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