Given Majola given.majola@inl.co.za SOUTH Africa ranks 31st in the Global Pension Index, which compares 43 retirement income systems, covering two-thirds of the world’s population.
The country had an overall index value of 53.6 points among the countries analysed and for the sub-indices scored 44.3 points for adequacy, 46.5 points for sustainability and 78.5 points for integrity. In comparison to last year, the sub-indices were 43, 46.7 and 78.3 points, respectively.
Iceland had the highest overall index value (84.2 points), followed by the Netherlands (83.5 points). Thailand had the lowest (40.6 points).
The index uses the weighted average of the sub-indices of adequacy, sustainability and integrity.
For each sub-index, the systems with the highest values were Iceland for adequacy (82.7 points), Iceland…