Friday, February 03, 2012


IWS Documented News Service


Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau





PENSIONS AT A GLANCE: ASIA/PACIFIC 2011 [25 January 2012],3746,en_2649_34757_49427099_1_1_1_1,00.html


The report analyses the retirement income systems of 16 Asian countries, including Australia, China, India, Indonesia, Pakistan, the Philippines and Vietnam.


Country profiles

Southeast Asia


Hong Kong








South Asia



Sri Lanka


Press Release 25 January 2012

Urgent reform key to securing Asia’s pension systems, says OECD,3746,en_21571361_44315115_49454212_1_1_1_1,00.html


25/01/2012 - Asia’s pension systems need modernising urgently to deliver secure, sustainable and adequate retirement incomes for today’s workers, according to a new OECD report.


Pensions at a Glance: Asia/Pacific 2011 says that many of the region’s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades.

Between now and 2050, the population aged over 65 in non-OECD Asia/Pacific economies will nearly triple, from 6% to 17%.

Today, pension levels are high relative to earnings in some countries, such as China, Vietnam and Pakistan. Early retirement ages, especially for women, provide additional financial pressure. Many countries’ pension systems are also unlikely to deliver secure incomes in old age, due to four reasons:

*       Coverage of formal pension systems is relatively low;

*       Withdrawal of savings before retirement is very common;

*       Pension savings are often taken as lump sums with the risk that people outlive their resources; and

*       Pensions in payment are not automatically adjusted to reflect changes in the cost of living.

The report analyses the retirement income systems of 16 Asian countries, including Australia, China, India, Indonesia, Pakistan, the Philippines and Vietnam.




This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.


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