Poland behind US and RSA in global pension index

Poland ranks 15th of 25 countries included in the in the Melbourne Mercer Global Pension Index, which measures the health of the pension systems in 25 countries to assess whether they will be able to deliver adequate future provisions, the Financial Times reported. Denmark and the Netherlands are the only two countries, whose pension systems may be regarded as "first class." The five lowest ranked countries include Indonesia, Japan, China, South Korea and India. The Financial Times points out that other developed countries scored poorly in the report. They have high levels of government debt, inadequate pension assets and ageing populations,  the study found. “There is no easy solution, but the sooner action is taken, the better. Reforms take time and good transition arrangements are required, as implementing new policies might stretch over 10 or even 20 years,” said David Knox, senior partner at Mercer. The report shows the average length of retirement in years has risen from 16.6 in 2009 to 18.4 in 2015. Mercer forecasts this will increase to 19.2 by 2035.