Workers may have to rethink their retirement plans, warns a survey ranking the world’s pension systems.
Iceland, the Netherlands and Denmark again took the top three rankings in this year’s Mercer CFA Institute Global Pension Index. But the report recommended that retirement ages need to be lifted almost everywhere in the face of mounting threats from aging populations, ballooning government debt and low birth rates.
“What we’re also finding with increased education in many countries, is people are entering the workforce a bit later,”
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