Speaking off the cuff, probably Norway's since I think (could very well be wrong), it is at least partially funded by oil profits the country has realized over the years and not the demographic ponzi scam of most other countries.
I know a Finnlander who said he expects to get 3/4 of his current salary when he retires at 65 from his state pension system alone. So maybe I'd say Finland.
And Japan's pension system? Awful. It appears the worst among developed nations. If you pay 16,000 yen a month for your entire working life, you get a measly 65,000 yen. In the US, by contrast, the average monthly social security benefit is around $1,500.
Japan's future looks even bleaker, given the large portion of today's workers on contracts with no benefits and especially those who dont pay the 16,000 yen. They'll get nothing. Widespread elderly starvation may become a reality!
The problem is that Japan's pension system was designed for a postwar world of lifetime employment. The employment system has changed drastically, yet reforms have been too little too late.
Hand down it has to be Australia. All Australian worker have an employer contribution superannuation system run independent of Government. By 2035 the Australian government will not need to provide for aged pension but will be given assistance to those have not benefit for the Employer contribution superannuation system. ( which started in 1989 ban the Labour Hawk government. like the disable and non working house wives. they receive $500 and week at presents from a government pension which is more then the USA minimum wage. Now why don't other countries have the same or better ??? I seem their population is getting done over.
The Scandinavian and Nordic countries have very generous pensions. There's a reason why they're often voted as the happiest countries on earth. I've also heard that Israel and Singapore also have good pensions.
What ever pension is paid by the government, people need to take responsibility for themselves. Reaching pension age does not occur overnight. If your pension is not going to be enough then it is your responsibility to invest so you can live comfortably in your old age.
In America,you can get a triple pension,from the private and public sector,I have a friend who work for the school and city,he eligible for a double pension,lots of American gaijin will be destitute,when they return to America, because they are vested in America national pension system
After having paid 12% of my salary to cover National Insurance which cover all benefits, health costs and old age pension. I receive approximately 165,000 Yen a month and my wife receives the same amount and of course we still get free health care till we die. The UK has one of the lowest pension rates in Europe.
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OnTheTrail
Speaking off the cuff, probably Norway's since I think (could very well be wrong), it is at least partially funded by oil profits the country has realized over the years and not the demographic ponzi scam of most other countries.
JeffLee
I know a Finnlander who said he expects to get 3/4 of his current salary when he retires at 65 from his state pension system alone. So maybe I'd say Finland.
And Japan's pension system? Awful. It appears the worst among developed nations. If you pay 16,000 yen a month for your entire working life, you get a measly 65,000 yen. In the US, by contrast, the average monthly social security benefit is around $1,500.
Japan's future looks even bleaker, given the large portion of today's workers on contracts with no benefits and especially those who dont pay the 16,000 yen. They'll get nothing. Widespread elderly starvation may become a reality!
The problem is that Japan's pension system was designed for a postwar world of lifetime employment. The employment system has changed drastically, yet reforms have been too little too late.
John-San
Hand down it has to be Australia. All Australian worker have an employer contribution superannuation system run independent of Government. By 2035 the Australian government will not need to provide for aged pension but will be given assistance to those have not benefit for the Employer contribution superannuation system. ( which started in 1989 ban the Labour Hawk government. like the disable and non working house wives. they receive $500 and week at presents from a government pension which is more then the USA minimum wage. Now why don't other countries have the same or better ??? I seem their population is getting done over.
purple_depressed_bacon
The Scandinavian and Nordic countries have very generous pensions. There's a reason why they're often voted as the happiest countries on earth. I've also heard that Israel and Singapore also have good pensions.
kurisupisu
The answer is that for a majority of countries that pensions now and in the future are not enough
For an average salary man retiring in 2023 the monthly payments will just cover full time nursing care in a care home-the bare bones
Mr Kipling
What ever pension is paid by the government, people need to take responsibility for themselves. Reaching pension age does not occur overnight. If your pension is not going to be enough then it is your responsibility to invest so you can live comfortably in your old age.
kyushubill
Any not run by a government central bank connected to the World Bank-IMF.
David Brent
I will have both the Japanese and UK state pensions. Combined, I can just about live on them. No way could I survive on just one or the other though.
wallace
Finland and Norway.
You will still need a further ¥15-¥20 million in savings.
Useful page
https://retirewiki.jp/wiki/United_Kingdom
David Brent
No, I won't. Single, no dependents. I can live on 250,000 yen per month.
wallace
David Brent
I have that and there many occasions when extra funds are needed and the older you become the more healthcare is needed. Traveling costs.
Still, paying rent/mortgage?
I think you should think about savings too.
Yrral
In America,you can get a triple pension,from the private and public sector,I have a friend who work for the school and city,he eligible for a double pension,lots of American gaijin will be destitute,when they return to America, because they are vested in America national pension system
SapperJon
After having paid 12% of my salary to cover National Insurance which cover all benefits, health costs and old age pension. I receive approximately 165,000 Yen a month and my wife receives the same amount and of course we still get free health care till we die. The UK has one of the lowest pension rates in Europe.
fxgai
I suspect Singapore’s is the best
Roxy Music
The uS' pays out the most.