The Dutch pension system tops the Global Pension Index 2020, which assessed the pension systems of 39 countries of the world. Denmark is in second place, Israel closes the top three.

To assess pension systems, compilers use more than 50 parameters, grouped into three sections: sufficiency (shows whether a person can live on retirement), sustainability (whether the system is able to exist for a long time, taking into account the demographic and economic characteristics of the country) and integrity (interconnectedness of the pension system and.

The least balanced pension systems were in Thailand, Turkey and the Philippines, Europulse says. Ukraine was not considered in the rating.

The rating of pension systems is compiled by the international consulting company Mercer in cooperation with the Australian Center for Financial Research.

Its main goal is to assess the adequacy of pension systems in different countries in the context of an aging population and to develop recommendations for governments..

This year, the topic of the rating was the impact of the COVID-19 coronavirus pandemic on the pension systems of different countries.. According to the compilers, the quarantine has seriously affected the provision of not only current retirees, but also those who will retire in the coming years..