2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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35
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30
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45
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40
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Detailed explanation-1: -As compared to 40th out of 43 countries in 2021, India ranked 41 out of 44 countries in the Mercer CFS Global Pension Index.
Detailed explanation-2: -India stood at 41 position out of 44 countries in 2022 with marginal improvement in its index value compared to 40th position out of 43 countries assessed on the Global Pension Index in 2021, shows the Mercer CFS Global Pension Index survey.
Detailed explanation-3: -The index value was up from 2021 but below that in 2020. In 2020, India ranked 34 out of 39 countries with a value of 45.7. In 2022, the index value was 44.4. The index measures the pension system in the country under three sub-heads, adequacy, sustainability and integrity.
Detailed explanation-4: -Globally, Iceland had the highest overall index value (84.7), closely followed by the Netherlands (84.6) and Denmark (82.0).
Detailed explanation-5: -It benchmarks retirement income systems, highlights each of these systems’ shortcomings, and provides recommendations to ensure adequate and sustainable retirement benefits. It is made of three sub-indices – adequacy, sustainability and integrity – to assess each pension system against more than fifty indicators.