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Net Pension Replacement Rates: Public and Private Schemes

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Abstract:

The OECD average for net replacement rates of an average earner from public schemes alone is 50%, compared with 68% with mandatory private pensions included. When voluntary private pensions, under typical rules, are added, the average net replacement rate is 77% for an average earner.

Document Type: Review Article

Publication date: 2011-03-01

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