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Global Pension Index survey
October 26 , 2022
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- The 2022 Mercer CFA Institute Global Pension Index survey was released recently.
- The index assesses the pension systems in various countries across the world.
- Iceland topped the list, and the second and third positions are held by the Netherlands and Denmark respectively.
- Thailand is the worst performer in the index.
- India stood at the 41st rank out of 44 countries in the index.
- In the previous edition, it held the 40th position out of 43 countries.
- India witnessed a marginal improvement with an increase in the overall index value from 43.3 in 2021 to 44.4 in 2022.
- However, this score is lower than 45.7 in 2020.
- India’s scores in the three sub-indices adequacy, sustainability and integrity are 33.5, 41.8 and 61.0 respectively.
- However, the scores in “sustainability” and “integrity” have declined.
- The report recommended the expansion of coverage under private pension arrangements to boost the sub-indices adequacy and sustainability.
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