Mercer CFA Institute: Philippines’ pension system second worst in the world
In the 2023 edition of Mercer CFA Institute’s Global Pension Index, the overall score of the Philippines improved to 45.2 out of 100 from 42 recorded a year ago. However, this was below the 62.9 global average this year. The country’s retirement income system ranked the second worst among the 47 systems in the report. The index reviews the economies’ respective retirement income systems based on three weighted subindices*: adequacy, sustainability, and integrity.
