Mercer Consulting, a leading global management consulting firm, has released the 13th edition of the Mercer Global Pension Index (2021 MCGPI). India has been ranked at 40th position out of 43 countries in the 2021 Mercer CFS Global Pension Index survey. In 2020, India was ranked at 34th position out of 39 pension systems.
Iceland has topped this ranking with an index value of 84.2 followed by the Netherlands with 83.5 and Norway with 82.0. India had an overall index value of 43.3. Thailand had the lowest overall index value at 40.6. The 2021 MCGPI, has added 4 new retirement systems: Iceland, Taiwan, UAE and Uruguay.
About Mercer CFA Institute Global Pension Index(MCGPI):
i. MCGPI is an annual survey by Mercer Consulting, which aims to benchmark the retirement income system.
ii. MCGPI uses three sub-indices, adequacy, sustainability and integrity to measure each retirement income system against more than 50 indicators.
iii. The Index is published by Mercer, in collaboration with CFA Institute and the Monash Centre for Financial Studies.