India moves up global pension index: Melbourne Mercer Global Pension study

Ageing populations, declining birth rates and a lack of robust retirement systems will see many countries struggle to provide adequate pensions to senior citizens, finds the Melbourne Mercer Global Pension Index 2016.

India’s index value has jumped from 40.3 in 2015 to 43.4 in 2016

India ranks 25th among 27 pension systems, above Japan and Argentina


The overall index value for each country
How the 27 countries fared and what the grades mean.

Source: Melbourne Mercer Global Pension Index 2016

What worked in India’s favour
*Popularity of tax incentives under National Pension System

*Introduction of Universal Account Number (UAN)

*Increasing the pension age from 58 to 60 years under EPS.

*Increase in pension coverage through Atal Pension Yojana.