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India’s retirement savings index value fell marginally in 2012

Denmark received an overall index value of 82.9 and became the first system to be classified as ‘A’ grade

October 23, 2012 5:34 IST | India Infoline News Service
India’s retirement savings and income system index value has marginally declined since 2011, but its overall global ranking stays constant. India ranked last among the 18 countries covered.

The Indian index value fell from 43.4 in 2011 to 42.4 in 2012. This was revealed in the Melbourne Mercer Global Pension Index released last week. The report said that the index value fell due mainly to the introduction of Worldwide Governance Indicators.

The Melbourne Mercer Global Pension Index was created in 2009 with 11 countries. In 2012 the Melbourne Mercer Global Pension Index was expanded to cover 18 countries, with the addition of Denmark and Korea (South).

Denmark received an overall index value of 82.9 and became the first system to be classified as ‘A’ grade, moving the Netherlands from the top position in the rankings.
The Melbourne Mercer Global Pension Index compares retirement income systems around the world.

Each country is given a score between 0 and 100. The overall index value represents the weighted average of the three sub-indices – adequacy, sustainability and integrity. The report has been produced by Mercer and the Australian Centre for Financial Studies and funded by the Victorian State Government.

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