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OLD-AGE PENSION REPLACEMENT RATE

Statistics Directorate    
Definition:
The old-age pension replacement rate is a measure of how effectively a pension system provides income during retirement to replace earnings which were the main source of income prior to retirement.

Source Publication:
OECD, 2007, Society at a Glance: OECD Social Indicators, 2006 edition, OECD, Paris.

Statistical Theme: Social and welfare statistics

Created on Monday, July 23, 2007