Here are the last 10 places that are ranked in the  top twenty:

11.   
Canada
(Rank: 11):

·        
Pension
System: Basic national
benefits, means-tested income supplement, and public pension plans.

·        
Strength: Diversification of income sources and
adjustments for inflation.

·        
Challenge: Improvement needed in quality of life and
material well-being.

12.   
New
Zealand (Rank: 12):

·        
Pension
System: Universal public
pension, KiwiSaver DC Retirement scheme, and alternative occupational schemes.

·        
Strength: Effective in preventing elderly poverty,
ranked 8th in the Natixis GRI Index.

·        
Challenge: Improvements needed to enhance overall
ranking.

13.   
United
Kingdom (Rank: 13):

·        
Pension
System: State pension,
workplace pensions, and personal pensions.

·        
Strength: Climbed three spots in the GRI Index, driven
by strong performance in Finances in Retirement.

·        
Challenge: Improvements needed, including raising the
minimum pension for low-income pensioners.

14.   
Germany
(Rank: 14):

·        
Pension
System: Earnings-related
pay-as-you-go system, means-tested safety net, and supplementary pension plans.

·        
Strength: Improved in the GRI Index, moving up two spots
to the 9th rank.

·        
Challenge: Areas of improvement include increasing funded
contributions in private pension plans.

15.   
Singapore
(Rank: 15):

·        
Pension
System: Central Provident Fund
(CPF) with benefits accessible for withdrawal at any time.

·        
Strength: Ranked 7th in the Mercer Index, with increased
pension coverage.

·        
Challenge: Drop in the Finance sub-index in the GRI
Index.

16.   
Belgium
(Rank: 16):

·        
Pension
System: Public, occupational,
and private pension schemes.

·        
Strength: “B” ranking from Mercer,
improvements in material well-being and quality of life.

·        
Challenge: Health sub-index drop in the GRI Index.

17.   
United
States of America (Rank: 17):

·        
Pension
System: Combination of public
and private plans.

·        
Strength: C+ ranking with good features, but risks need
addressing.

·        
Challenge: Slipped two places in the GRI Index, impacted
by deteriorating health, material well-being, and old-age dependency=

18.  
Austria
(Rank 18)

·        
Pension
System: A Defined Benefit (DB)
public pension scheme, complemented by an income-tested top-up for low-income
pensioners and voluntary private pension plans.

·        
Strength: Austria’s retirement system is regarded as
one of the best, with generous pensions which contributes to the system’s
strength.

·        
Challenge: Despite its overall strength, Austria faces
the challenge of an Aging population. As the proportion of elderly individuals
increases, there may be a strain on the pay-as-you-go pension system.

19. France: (Rank 19)

·        
Pension
System: Includes an
earnings-related public pension, a supplementary retirement pension scheme for
private-sector workers (AGIRC-ARRCO), and occupational plans.

·        
Strength: France spends heavily on its retirement
system, and the country has one of the lowest qualifying ages for a state
pension in Europe.

·        
Challenge: A major challenge for France’s retirement
system is the need for reforms to address demographic shifts and financial
sustainability.,

20. Japan (Rank: 20):

·        
Pension
System: Comprises a flat-rate
basic pension and an earnings-related plan with private pension options.

·        
Challenges: Demographic imbalance with 29.1% of the
population aged 80 or older, impacting the retirement Security of the pension
system.

·        
Strength: The cultural emphasis on financial
discipline also contributes to the strength of the system. This diversified
approach provides a mix of public and private support, enhancing the overall
resilience of the pension system.

Originally Published on https://boomersnotsenior.blogspot.com/

Royce Shook Blogger

I served as a teacher, a teacher on Call, a Department Head, a District Curriculum, Specialist, a Program Coordinator, and a Provincial Curriculum Coordinator over a forty year career. In addition, I was the Department Head for Curriculum and Instruction, as well as a professor both online and in person at the University of Phoenix (Canada) from 2000-2010.

I also worked with Special Needs students. I gave workshops on curriculum development and staff training before I fully retired