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India ranks worst among countries for retiring, says Global Pension Index report

India ranks worst among countries for retiring says Global Pension Index report pardesi news 1470231361

India’s pension system is broken, and retirement is a rough ride in Asia’s third largest economy, says the Global Pension Index report

India ranks worst among countries for retiring, according to several indexes released recently. These indexes include the seventh edition of the Melbourne Mercer Global Pension Index report. This is the index and an index compiled by a French asset management company, Natixis Global Asset Management’s 2016 Global Index.

According to the Melbourne Mercer Global Pension Index, around 25 retirement systems were judged on the basis of adequacy, sustainability and integrity and 40+ indicators. This index also has offered some proposals and ideas on structuring an adequate and sustainable model which can obtain benefits for the citizens and minimise the risk of reducing savings while ageing. Indian ranked poorly on nearly on them.  India being on the last rank on the retirement system policies needs to introduce a support system for Indian retiring people. Importantly, the Mercer, now in its seventh year and covers around 60% of the global population.

According to, Natixis Global Asset Management’s 2016 Global Index India ranked at the bottom of a list of 43 countries in terms of the best places to spend one’s sunset years. Norway, followed by Switzerland, Iceland, New Zealand and Sweden were ranked in the top five of the index.

Though, in India, the National Pension System (NPS) is gradually gaining admiration among Indian employers. This system aims to help increase coverage of pension arrangements for the working population in the organized sector. However, it is the people in the unorganized sector, which requires policy support related to the private pension system. 

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Patrick Callahan

Pardesi News Reporter

Pardesi News Reporter

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