Denmark rated second on Melbourne Mercer Global Pension Index 2018

The only other country to obtain an A Grade was the Netherlands, which just pipped Denmark for first, with
a score of 80.3. Last year, Denmark was top of the index, followed closely by the Dutch.

“This study confirms that the Netherlands and Denmark have the best systems, with both receiving an A-grade in 2018. It is also interesting to note that no system received a B+ grade in 2018, thereby highlighting the gap between the two best systems and the rest of the world,” the index report stated. The Danish index value increased from 78.9 in 2017 to 80.2 in 2018.

The index report found that Denmark’s performance could be improved by raising the level of household saving and reducing household debt,  introducing arrangements to protect the interests of both parties in a divorce, and increasing the labour force participation rate at older ages as life expectancies rise.

Elsewhere, Finland, Australia, Sweden, Norway, Singapore, Chile, New Zealand, Canada, Switzerland, Ireland and Germany all received B grades, while Colombia, the UK, Peru and France got C+ Grades.

Source: cphpost.dk, photo: Unsplash