Pension Payouts of the Ten Largest Economies

Photo: Darren Robb | Stone | Getty Images Publicly financed retirement, or pension benefits, vary widely across the world. But as the U.S. and Europe consider fiscal austerity measures to address debt problems, some pension programs could be subject to change. To grasp what most recipients stand to lose, we’ve taken a look at the promised pension payouts of the ten largest economies in the world. (International Monetary Fund rankings.) Our snapshot is based on a new study from the Organization of Economic Cooperation and Development, OECD, calculates pension wealth for 54 countries, adjusting for differences in retirement age, life expectancy, and average earnings. Pension “wealth” is calculated as a multiple of average earnings. For example, the OECD average multiple across all member countries is seven. Thus, if the average earner takes home $40,000 per year, the pension wealth for that citizen, in one lump sum, would be $280,000. Countries with higher multiples have a greater pension wealth. Whose retirees are being best looked-after by the state? Click ahead to see how your pension plan stacks up against the world’s largest economies, starting with the U.S.By Jennifer Leigh ParkerPosted 26 September 2011

Photo: Getty Images Average Payout: $253,890 men; $290,160 women Retirement Age: 65 Life Expectancy: 83.9 Public pension spending % of GDP: 6.0

Source: Cato Institute || Photo: Sam Diephuis | Getty Images Average Payout: $66,360 men; $69,720 women Retirement Age: 60 for men, 55 for women white collar, 50 for women blue collar Life Expectancy: 80.7 Public pension spending % of GDP: 2 percent

Photo: Getty Images Average Payout: $295,240 men; $358,160 women Retirement Age: 65 Life Expectancy: 85.7 Public pension spending % of GDP: 9.8 percent

Photo: Getty Images Average Payout: $465,850 men; $556,600 women Retirement Age: 65 Life Expectancy: 83.4 Public pension spending % of GDP: 10.7 percent

Photo: Getty Images Average Payout: $444,540 men; $506,680 women Retirement Age: 60 Life Expectancy: 84.9 Public pension spending % of GDP: 12.5 percent

Photo: Datacraft Co Ltd | Getty Images Average Payout: $325,950 men; $381,300 women Retirement Age: 60 for women, 65 for men Life Expectancy: 83.2 Public pension spending % of GDP: 5.4 percent

Source: BBVA Research || Photo: Carolina | Getty Imgaes Average Payout: $199,800 men & women Retirement Age: 65 for men, 60 for women Life Expectancy: 82.5 Public pension spending % of GDP: 3 percent

Photo: Getty Images Average Payout: $408,100 men; $427,350 women Retirement Age: 65 for men, 60 for women Life Expectancy: 84.5 Public pension spending % of GDP: 14.1 percent

Photo: Getty Images Average Payout: $325,620 men; $365,820 women Retirement Age: 65 Life Expectancy: 84.3 Public pension spending % of GDP: 4.2 percent

Source: India.gov || Photo: Maremagnum | Photographer's Choice | Getty Images Average Payout: $43,400 men; $45,500 women Retirement Age: 58 Life Expectancy: 78.7 Public pension spending % of GDP: 0.93 percent

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