10 more places to retire in the world

 Here are the last 10 places that are ranked in the  top twenty:

11.    Canada (Rank: 11):

·         Pension System: Basic national benefits, means-tested income supplement, and public pension plans.

·         Strength: Diversification of income sources and adjustments for inflation.

·         Challenge: Improvement needed in quality of life and material well-being.

12.    New Zealand (Rank: 12):

·         Pension System: Universal public pension, KiwiSaver DC retirement scheme, and alternative occupational schemes.

·         Strength: Effective in preventing elderly poverty, ranked 8th in the Natixis GRI Index.

·         Challenge: Improvements needed to enhance overall ranking.

13.    United Kingdom (Rank: 13):

·         Pension System: State pension, workplace pensions, and personal pensions.

·         Strength: Climbed three spots in the GRI Index, driven by strong performance in Finances in Retirement.

·         Challenge: Improvements needed, including raising the minimum pension for low-income pensioners.

14.    Germany (Rank: 14):

·         Pension System: Earnings-related pay-as-you-go system, means-tested safety net, and supplementary pension plans.

·         Strength: Improved in the GRI Index, moving up two spots to the 9th rank.

·         Challenge: Areas of improvement include increasing funded contributions in private pension plans.

15.    Singapore (Rank: 15):

·         Pension System: Central Provident Fund (CPF) with benefits accessible for withdrawal at any time.

·         Strength: Ranked 7th in the Mercer Index, with increased pension coverage.

·         Challenge: Drop in the finance sub-index in the GRI Index.

16.    Belgium (Rank: 16):

·         Pension System: Public, occupational, and private pension schemes.

·         Strength: "B" ranking from Mercer, improvements in material well-being and quality of life.

·         Challenge: Health sub-index drop in the GRI Index.

17.    United States of America (Rank: 17):

·         Pension System: Combination of public and private plans.

·         Strength: C+ ranking with good features, but risks need addressing.

·         Challenge: Slipped two places in the GRI Index, impacted by deteriorating health, material well-being, and old-age dependency=

18.   Austria (Rank 18)

·         Pension System: A Defined Benefit (DB) public pension scheme, complemented by an income-tested top-up for low-income pensioners and voluntary private pension plans.

·         Strength: Austria's retirement system is regarded as one of the best, with generous pensions which contributes to the system's strength.

·         Challenge: Despite its overall strength, Austria faces the challenge of an aging population. As the proportion of elderly individuals increases, there may be a strain on the pay-as-you-go pension system.

19. France: (Rank 19)

·         Pension System: Includes an earnings-related public pension, a supplementary retirement pension scheme for private-sector workers (AGIRC-ARRCO), and occupational plans.

·         Strength: France spends heavily on its retirement system, and the country has one of the lowest qualifying ages for a state pension in Europe.

·         Challenge: A major challenge for France's retirement system is the need for reforms to address demographic shifts and financial sustainability.,

20. Japan (Rank: 20):

·         Pension System: Comprises a flat-rate basic pension and an earnings-related plan with private pension options.

·         Challenges: Demographic imbalance with 29.1% of the population aged 80 or older, impacting the retirement security of the pension system.

·         Strength: The cultural emphasis on financial discipline also contributes to the strength of the system. This diversified approach provides a mix of public and private support, enhancing the overall resilience of the pension system.