24/7 Wall St. identified the top 10 countries with the most generous public pensions. Based on a recent report by the OECD, we examined pension replacement rates, which measures how effectively a pension system provides income during retirement to replace earnings prior to retirement. A pension replacement rate of 100% means an employee would continue to receive a full salary during retirement. The countries on the list promise to cover the highest portion of the salaries of those joining the workforce in 2010.
24/7 Wall St. considered a number of other factors to provide additional context: the retirement age and life expectancy for both men and women, net pension replacement rates (pension payouts after adjusting for taxes and other fees) and replacement rates for those making more or less than the median income, along with additional factors provided by the OECD to examine the fiscal health of countries.
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