Mercer CFA Institute: Philippines’ pension system third worst in the world
In the 2024 edition of Mercer CFA Institute’s Global Pension Index, the overall score of the Philippines improved slightly to 45.8 out of 100 from 45.2 recorded a year ago. However, this was below the 63.6 global average this year. The country’s retirement income system ranked the third worst among the 48 systems in the report. The index reviews the economies’ respective retirement income systems based on three weighted subindices: adequacy, sustainability, and integrity.
