If national pension programs were like high school students, the U.S. retirement system would be that kid with a whole lot of potential, spaced out in the back of the class.

The 2014 Melbourne Mercer Global Pensions Index, which compares and ranks the public and private pension components of 25 nations, gives the U.S. just an average grade and a global ranking of 13 on the list of 25.

As an average student (five other countries' systems received a C grade, including France and Brazil), the survey's authors classify the U.S. pension system as having "some good features, but also major risks and shortcomings that should be addressed."

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.