2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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40
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156
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52
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20
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Detailed explanation-1: -Mercer CFS Global Pension Index studies 44 countries that account for 65 per cent of the world’s population. 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.
Detailed explanation-2: -Iceland topped the list, scoring the highest overall index value of 84.7. The second and third positions are held by the Netherlands (84.6) and Denmark (82.0) respectively. Thailand is the worst performer in the index, with an overall value of 41.7. India stood at the 41st rank out of 44 countries in the index.
Detailed explanation-3: -The index highlights key strengths of retirement pension systems in three sub-indexes - adequacy, sustainability and integrity - where India scored 37.6, 40.7 and 60.4 respectively. In particular, India’s adequacy score, at 37.6, improved from 33.5 in 2021.
Detailed explanation-4: -No 1 | Iceland | The country has the best pension system in the world.
