PARIS - With the share of the population aged 65 and over in the OECD projected to reach 27% by 2050, promoting the employment and employability of older workers will be key to both ensure the sustainability of pension systems and address labour market shortages.

Pensions at a Glance 2023 shows that OECD countries have combined action to increase statutory retirement ages, curb early retirement and offer incentives to work longer and upgrade skills in order to foster employability, job mobility and labour supply of older workers.

The 2023 edition of Pensions at a Glance highlights the pension reforms undertaken by OECD countries over the last two years.

It includes a special chapter focusing on pension provisions for hazardous or arduous work. It describes existing rules, characterises recent policy trends and assesses the design and functioning of early-retirement rules for hazardous or arduous jobs given changing working conditions and ageing pressure on pension systems.

This edition also updates information on the key features of pension provision in OECD and G20 countries and provides projections of retirement income for today’s workers.

It offers indicators covering the design of pension systems, pension entitlements, the demographic and economic context in which pension systems operate, incomes and poverty of older people, the finances of retirement income systems and private pensions.

To download the report, visit: https://www.oecd-ilibrary.org/docserver/678055dd-en.pdf?expires=1706552935&id=id&accname=guest&checksum=690804C5CCA8A0754A61B84C581DBFC8