Page 19 - Turkinsurance Digital Magazine

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The results of the ‘Global

Pension Index Report’ have been

announced

The results of the ‘Global Pension Index Report’, prepared in

collaboration with Mercer, CFA Institute and Monash Financial
Research Center (MCFS), have been announced. Iceland, which joined
the list for the first time this year, became the country with the best
pension system, while the Netherlands was the second and Denmark

was the third of the countries that have shared the top two places for 10
years. According to the Global Pension Index Report, pension systems
need to be reformed to close gender-related differences in retirement
income. Turkey, which took the third place in the research this year,

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ranks 39 .

Mercer which provides human resources management consultancy services in Turkey on talent man-
agement, assessment and evaluation, employee engagement and experience, wage research, mobile
workforce (expat) management consultancy, fringe benefits and flexible fringe benefits consultancy,
individual pension plans and actuarial valuation, shared the results of the ‘Global Pension Index’.
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According to the results of the index, which was held for the 13 time this year; it is pointed out
that although there are significant differences in the level of retirement income between the sexes
in all regions, the difference in retirement income between the sexes cannot be explained by a single
reason.

According to the ‘Global Pension Index’, in which a total of 43 pension systems were evaluated
within the framework of more than 50 indicators, Iceland was the country with the highest index
value with 84.2 percent, while Thailand was the country with the lowest value with 40.6 percent. Of
the countries that have shared the top two places for 10 years, the Netherlands ranked second with
83.5 percent this year and Denmark ranked third with 82 percent. According to a study conducted
in 2020, China and the United Kingdom became the most developed countries as a result of pension
reform. Turkey, which took the third place in the study with its rapidly developing pension system,
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ranked 39 .