Statistika: Statistics and Economy Journal | VOL. 102
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The Global Pension Index of Slovakia

Publication Date Jun 17, 2022

Abstract

In every corner of quality of the world, the issue of pension system is being addressed. One of the most important documents that has offered its evaluation is the Mercer consulting firm and the CFA Institute, in cooperation with the Monash Center for Financial Studies. Since Slovakia is not included among the countries that evaluate these companies in their study, this paper offers the calculation of the Global Pension Index for Slovakia in the year 2020. Based on the data obtained and the grade from A to E, Slovakia is one of the countries that are rated by C+ with a total score of 65 points out of 100 as a country with a pension system “that has some good features, but also includes major risks and/or shortcomings that should be addressed. Without these improvements, its efficacy and/or long-term sustainability can be questioned.” The problems that affect the pension index of Slovakia are very low pensions for low-income groups, the level of pension assets as a percentage of GDP at the level of 14.35%, the participation in the labour rate at the level of 4.5% for the age 65 and over, and low real economic growth.

Concepts

CFA Institute Percentage Of GDP Pension System Long-term Sustainability Good Features Low Economic Growth Calculation Of Index Real Growth Low Growth Level Of Pension

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No potential conflict of interest was reported by the authors. The conception and design of the study, acquisition of data, analysis and interpretatio...

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