What level of pension contribution is needed to obtain an adequate retirement income? Executive summary: summary

Document type
Summary
Author(s)
Redwood, Daniel; Carrera, Leandro; Armstrong, John
Publisher
Pensions Policy Institute
Date of publication
22 October 2013
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion, Older Adults
Collection
Social welfare
Material type
Reports

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This report analyses the range of retirement incomes various individuals might achieve from a Defined Contribution pension. It also analyses the contribution rate necessary for different individuals to have a “good chance” of achieving an adequate level of retirement income. Finally the report compares the contribution rates necessary to achieve adequate retirement income levels with current contribution levels and discusses to what extent there is an adequacy gap.

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