The five indicators in this section look in detail at the design of national retirement income systems in the economies under study. The first indicator sets out the taxonomy of the different kinds of retirement-income programmes found around the world. It uses this framework to describe the architecture of the 11 economies’ pension systems.
The next three indicators set out the parameters and rules of the pension systems. The description begins with second indicator covering basic, targeted and minimum income systems, showing the values of these systems. The third indicator looks at the mandatory earnings-related pensions systems. It shows how benefits are determined in these schemes and the range of earnings that are covered. The fourth indicator presents the current and future retirement ages by pension scheme for individuals. Current age are for those who retired in 2016 after a full career from age 20, whilst future ages are the future retirement ages for an individual entering the labour market at age 20 in 2016.