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A recent ranking from theMercer CFA Institute Global Pension Indexshows plenty of room for improvement.
The U.S. retirement system received a C+ grade this year.
The U.S. was far from the worlds leader.
It came in at No.
29 out of 48 countries.
In this latest report, scores for the U.S. dropped in every subcategory.
Those subcategories includeadequacy, sustainability and integrity.
Drop in Adequacy
The largest drop was from adequacy.
Its helpful to put this in some perspective.
The U.S. adequacy score dropped to 63.9 from 66.7 last year.
Thats below the 64.9 average of all countries examined.
Comparatively, better systems are about 25% or higher of the average wage.
Drop in Integrity
The third subcategory, integrity, looks at regulations forprivate pension plans.
Some of the factors in this subcategory include regulation, governance and operating costs.
Further, its helpful to predict your retirement needs so you’re able to budget and plan.
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