For the third year in a row, Denmark has topped an Australian study comparing the pension systems of 25 different countries.

Denmark has the best pension system in the world, according to the Melbourne Mercer Global Pension Index (MMGPI).

In the study, which looked at the pension systems of 25 countries, Denmark was the only nation to receive an ‘A’ grade, signifying “a first class and robust retirement income system that delivers good benefits, is sustainable and has a high level of integrity.” Following Denmark, with a ‘B+’ grade, were Australia and the Netherlands.

It was the third year in a row that Denmark topped the list, and according to the MMGPI, Denmark increased its lead on other countries slightly since the last survey based on factors including a higher savings rate.

“Denmark’s retirement income system comprises a public basic pension scheme, a means-tested supplementary pension benefit, a fully funded contributions scheme and mandatory occupational schemes,” the report reads.

Read the full report: www.globalpensionindex.com

Source: www.thelocal.dk
Photo: Niclas Jessen/VisitDenmark.com