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More Benefits than Contributions

Monday, September 19, 2022

Indonesia is on the list of countries with risky pension systems. There is a sufficient gap between the contributions paid and pension income received by retired civil servants. The government will soon issue regulations on reforming pension schemes.

arsip tempo : 173501191014.

Retirees queue to collect their pension and 13th salary at Bandung Post Office, July 2015. TEMPO/Prima Mulia. tempo : 173501191014.

ICELAND came with a surprise. The Nordic island country in the North Atlantic Ocean was named as having the best pension system for its retirees by Mercer CFA Institute. In its 2021 Global Pension Index ranking, Mercer gave Iceland a score of 84.2 with an A rating, placing the country in the same rank as the Netherlands and Denmark as countries with the best retirement system. 

This was quite an achievement given Iceland's status as a n

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