Among the 36 countries in the OECD—those who have pledged to develop and share solutions to economic and social problems—governments currently hold over $78 trillion in unfunded defined benefit pension obligations. For comparison, this is nearly twice the amount of national debt owed by the same countries.
How will the world’s most advanced countries deliver on their promises to pensioners and retirees? And why is the UK facing a unique challenge based on its GDP? Read the complete analysis in the article from The Actuary.