Most OECD countries have implemented reforms to adapt their pension systems to the aging population, with the delay in retirement age or increasing contributions, found the organization in a study released on Monday.
In 2014 edition of its overview of the retirements, the Organization for Economic Cooperation and Development (OECD) asks its members to prepare for the increase in life expectancy and to continue focusing on the level of retirements.
The OECD points out that the next 20 years the relationship between active and retired fall of four active for 65-years to a maximum of two assets for retirement.
Between February 2012 and September 2014, most OECD countries have introduced reforms to their pensions systems are viable. Iceland was the only country that did not implement changes.
Some of them opted to tax more retirements. This is the case of Finland, where the pensions of more than 45,000 euros will pay 6% more taxes.
The contributions also increased, as in Quebec, where they will spend 9.9% in 2011 to 10.8% in 2017; France, employers and employees will have to pay 0.3% more for 2017 and in Finland, 0.4% per year between 2011 and 2016 for the private sector.
Other countries have limited the increase. In Finland, for example, the increase in the contribution may not exceed 0.4% in 2015. Greece has suspended its index between 2011 and 2015.
However, the OECD found that the measure preferred by most part of its member countries has been the delay in retirement age. The Poles will have to work until 67 years (men from 2020 and Women, 2040) as well as Canadians, from 2029, and the Irish until 68 years after 2028.
In many countries it is increasingly difficult to retire. The minimum age in 2014 spent 60-62 years for Austrian and 55-57 years for the Austrian, 62 in Belgium in 2016, and 64 years in Denmark in 2023.
Other countries decided to increase the contribution time. In France it is necessary to contribute 41.5 years and for 2030 will be 43 years. Luxembourg will 33-40 years to 2052.
The OECD notes that in the last twenty years has increased the use of private supplementary pensions, as usual in Canada, Ireland, United Kingdom and United States.
The expenses related to pensions will increase in most OECD member countries from 9.5% in 2015 to 11.7% of GDP for 2050.
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