Swiss pension system slides in the world

The Swiss pension system has lost positions in the world, according to consulting company Mercer's research. The survey, which analyzed 27 countries, ranked Switzerland in sixth place, two places lower down than the previous ranking.

The deterioration in the ranking reflects the decline in the level of pensions in relation to earnings, says a press release today at Mercer. The Swiss system lost some rank even in the sustainability criteria, since the increase in life expectancy is not compensated by the contributions or from an age of higher retirement.

In the seventh edition of its "Melbourne Mercer Global Pension Index", however, Mercer notes that with an index of 74.2 out of a possible 100 Switzerland has a solid security system.

The Swiss country is passed in the standings from Finland and Sweden. Denmark remains the country with the best pension system, ahead of the Netherlands and Australia. India, Japan and Argentina are in the last positions of the ranking.

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