FYI: When it comes to the world's retirement systems, each is not necessarily created equal.
Pension systems around the world, including social security systems and private sector arrangements, are now under more pressure than ever as more people enter retirement, according to a new report. While some systems are structured to withstand the pressure, others cannot.
"The major causes of this demographic shift are declining birth rates and increasing longevity," stated the report, which was issued by Mercer, the global consulting firm, in partnership with the Australian Centre for Financial Studies.
Regards,
Ted
https://www.fa-mag.com/news/melbourne-mercer-global-pension-index-top-10-of-2018-45325.html?print
