Oct 17, 2013

Mercer Global Pension Index is missing something

The Melbourne Mercer Global Pension Index is missing something.

According to pensionpulse, the index "bombed" on the ratings for Australia.
"They got the first two countries right and bombed on their third pick, Australia. I am simply not impressed with pension lessons from Down Under and question the superiority of the Super funds."
Singaporeans also question the ranking of Singapore pension in the index: CPF TOP 10 IN THE WORLD? How can a pension system with 0 state pension be ranked 7th in the world?

The index considers a long list of items, classified under adequacy, sustainability and integrity.

Let's put it in a simple way. If you are a pensioner, what really counts is the number of dollars you get. What use is it to a pensioner receiving $1 a month that the system scores super high on integrity, that the system is totally sustainable, that the system is adequate with little taxation and more than bank deposit returns?

Just show me the money.

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