The Global Index of Pensions 2024, prepared by the consulting firm Mercer CFA Society, has revealed that pension systems in some countries stand out significantly for their solidity and capacity to support their citizens in retirement. This ranking evaluates the pension systems of 48 countries, which represent 65% of the world’s population, and analyzes three fundamental pillars: adequacy, sustainability and integrity. The Netherlands, Iceland and Denmark top the list, reflecting their strength in offering financial security to retirees.
The Netherlands occupies first place thanks to its system of pensions well-structured and robust, appropriately balancing the needs of retirees with long-term sustainability. Iceland and Denmark, ranked second and third respectively, also have strong systems that combine generous benefits with excellent management of pension resources. These countries have known how to face the challenges of longevity and the pressures on public spending, guaranteeing a good quality of life for their retirees.
In the case of Chilithe country managed to rise five positions compared to the previous year, reaching ninth place globally. This progress is mainly attributed to the implementation of the Universal Guaranteed Pension (PGU), which has improved the replacement rate and the minimum pension, benefiting lower-income citizens. This advance not only positions Chile as a leader in Latin America, but also marks a significant improvement in the adequacy of pensions, one of the points where the country had historically had a lower evaluation.
Despite progress, Chile still faces challenges, especially compared to Latin American countries such as Mexico and Uruguay, which have made progress in terms of adaptation. However, both countries are below Chile in the ranking global.
The Mercer CFA Society report highlights the growing pressure facing insurance systems. pensions globally due to increasing longevity, interest rates and healthcare costs. These factors force governments to find ways to maintain the sustainability of their pension systems without compromising the quality of life of retirees.
