A new report assesses and ranks different retirement income systems around the world. Here’s how the U.S. compares.
Long-awaited retirement plans might include traveling to far away countries, picking up new hobbies, spending time with family — and often a hope that money and support with things like health insurance won't be a constant worry.
All of them have"a first-class and robust retirement income system that delivers good benefits, is sustainable and has a high level of integrity," the research found and scored an"A" in the grading system.Countries including Kazakhstan, Colombia, France and Spain were awarded the same grade.
"Introducing a requirement that part of the retirement benefit be taken as an income stream," is another one, as well as improvements to how benefits play into retirement. A total of 47 different retirement systems were assessed in the report. They all operate in different circumstances and contexts, and some data can be difficult to compare, the report notes, so systems with only slightly different scores are often close to equally as good as one another.place with a"B" — meaning the system is set up well, but there is room for improvements — alongside Canada, New Zealand and Germany.
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