5 Countries with Best Retirement Systems

3. Norway

Average Ranking: 4.5

Natixis Global Retirement Index Rank: 1st

Mercer CFA Institute Global Pension Index Rank: 8th

Norway’s retirement system is classified as a “B” by Mercer, ranking 8th with an index value of 74.4. The country’s retirement system comprises of earnings-related social security pension with a minimum pension level and mandatory occupational pension plans. Enhancing the retirement system involves strategies like bolstering household savings, reducing debt, and elevating mandatory contributions to DC plans, among other measures. At the same time, Norway ranks 1st in the Natixis GRI Index rank, taking the top spot in the Material well-being sub-index, and maintaining first position in the health sub-index as well.