The U.S. ranked ninth out of 18 countries for global pension systems this year, compared to its tenth place ranking the year prior.
According to the 1012 Melbourne Mercer Global Pension Index, the U.S. system requires further reform to withstand the pressures of its aging population and help Americans secure sufficient retirement savings. The report has compared national private and public pension systems of major world economies since 2009.
According to the index, many of the world’s retirement systems are under significant stress and even the world’s most advanced retirement income systems require reform. The rankings are based on the adequacy of the retirement income system to replace pre-retirement income, the sustainability of that system and the integrity of that system.
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