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Deteriorating Faith in U.S. Retirement System Shows Up in Global Study
The newest version of the Mercer CFA Institute Global Pension Index puts the U.S. Retirement system at a mediocre C+ rating, ranking 24th out of the 47 countries included in the ranking. In an article by MoneyWatch reporter Aimee Picchi posted on cbsnews.com, anxieties about retirement savings are cited as a reason for the less-than-stellar ranking, as are some of the basic design features associated with current retirement planning strategies, including reliance on disappearing private pensions and provisions associated with deferred compensation plans. For an analysis of the ranking, see Ms. Picchi’s post here, and for a complete look at the rankings, click here.
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