Which country has the lowest state pension in the developed world (OECD)?

There are 36 countries in the OECD.

1) Australia
2) Austria
3) Belgium
4) Canada
5) Chile
6) Czech Republic
7) Denmark
8) Estonia
9) Finland
10) France
11) Germany
12) Hungary
13) Iceland
14) Ireland
15) Israel
16) Italy
17) Japan
18) South Korea
19) Latvia
20) Lithuania
21) Luxembourg
22) Mexico
23) Netherlands
24) New Zealand
25) Norway
26) Poland
27) Portugal
28) Slovakia
29) Slovenia
30) Spain
31) Sweden
32) Switzerland
33) Turkey
34) UK
35) US
36) Greece

we must be quite low as frankly is hardly mentioned to young folk, and its only fairly
recently that anything has been done to encourage folk to make provision for old age.

government have rather relied on folk overspending rather than being prudent to
fuel growth

Countries ranked according to GDP per capita:



1     Luxembourg
2     Norway   
3     Switzerland   
4     United States   
5     Australia   
6     Austria   
7     Ireland   
8     Netherlands   
9     Sweden   
10     Denmark   
11     Canada   
12     Germany   
13     Belgium   
14     Finland   
15     Iceland   
16     France   
17     United Kingdom
18     Japan   
19     Italy   
20     New Zealand
21     Spain   
22     Israel   
23     South Korea
24     Slovenia
25     Czech Republic   
26     Greece       
27     Slovakia   
28     Portugal   
29     Estonia   
30     Poland   
31     Hungary   
32     Chile   
33     Turkey   
34     Mexico

Why is that list very different frm the list I just googled.
Can't see the above lists lasting. The demographic time bombs in some countries are HUGE.
Wouldn't want to be a pensioner in Italy down the line, put it that way.

Which list, JC? GDP per capita?

What was your search?

italy are absurd - 90% of average income and the loons are moving the retirement date back to 60.  They wonder why the germans with 65+ retirement tell them to gtfo.

btw this whole "state pension" issue is bogus.  The correct comparison is average total pension as the uk for example provides tax relief to encourage pension saving.

Well top hit is e.g. this:
https://www.ftadviser.com/pensions/2018/02/13/uk-state-pension-worst-in-the-developed-world/
Which franky sounds bollox but there you go:
"As a percentage of average earnings, the UK government pays out 29 per cent, putting it at the bottom of a table which is led by the Netherlands, which pays 100.6 per cent, Portugal, which offers 94 per cent, and Italy, which gives 93.2 per cent."

How any country could pay a state pension that is 100% of average earnings is beyond my imagination.

Unless they start it age 70 and have lights in their hands that go off age 71!

It doesn't sound plausible.

so whats the answer ?

UK would be my guess.

the biggest lol about that ftadviser article is

Baroness Ros Altmann, a former pensions minister, said the figures showed the UK's state pension was not sustainable.

So the uk's is too high in her opinion!

JC - that's why your list is different.

My first list is the OECD countries (in alpha order). The second is countries ranked by GDP per capita.

Yes, Platini, the answer is UK (29% of ave earnings)

Yes Dave there are a huge amount of factors. Age you start, other benefits, housing, do they have to pay for medical care and so on.

There is a lot of head in the sand stuff. Germany is another country with an upcoming demographic issue which is of coure one theory why Merkel is filling it with immigrants. Of course rational people ask Merkel why she isn't trying to get the culturally similar youth unemployed from Spain etc to go there. Instead of filling it with people from the 3rd world, when "Multikulti has failed..".

It doesn't matter if you list is specifically OECD or not as if the comparison is versus average earnings, your first list, the comparison is the same, netherlands and belgium etc are in both. But wildly different figures. Where is YOUR list from.

Ahh sorry I missed the bit where it was alphabetical order. So why have you asked as a percentage of average income then put a list up that isn't that???!!! That is the question.

It was intended as a guide to the richest countries (the second list).

The first list was obviously posted to indicate which countries you had to choose from.


Some good points raised here, though.

Can you post the full list ?  (with percentages) do you have it ?

There are several article which make interesting reading but I can't find a full list.

This is an interesting snippet from the OECD website:

Obesity, one of the main risk factors causing health problems, is very common among older people in the
United Kingdom. In England, for instance, more than 20% of the over-80s are obese, compared to about 15%
in the United States and less than 10% in countries such as Austria, Denmark and Italy

With public sector workers getting gold plated pensions and they include MPs, the situation is unlikely to improve.
The Labour party didn't address this two tier work status issue when they were in power, so if you toil in the private sector, despite who you vote for you're going to get stuffed as far as pensions are concerned.

And many younger workers complain the State pension is too generous, that's even after it has been severely cut back in recent years with the stopping of the State Second pension.

Talk about turkeys voting for Christmas. And these are the types that want us to stay in the EU.

although we,re heading in that direction in the future ,at present we have or have had model of home ownership unlike usa,france,germany etc who are much more relaxed about renting, add 800 to a grand or more in rent you have to find ,whilst not working after 65,and for home owners as opposed to renter,s your in effect doubling your pension

If they work in the private sector they're going to receive a sharp shock when they retire to pick up their pensions and see what they'll be expected to live on.

It is grossly unfair that a section of taxpayers receive more State aid than another section of taxpayers even though they are, broadly, investing in the same area.

I refer to tax relief on pension contributions. Why should a basic rate taxpayer only receive 20% relief when a higher rate taxpayer receives 40% or even 45%.

If the reliefs were equalized a considerable saving could be made to be used elsewhere.

Forgive me, a slight detour from State pensions.