Press Release: People will need to save more as reforms cut pension promises, says OECD

People in OECD countries will have to save more for their retirement as a result of the major pensions reforms carried out in recent years, according to a new OECD report, Pensions at a Glance 2007. The average pension promise in 16 OECD countries studied was cut by 22%. For women, the reduction was 25%.

OECD: Pensions at a Glance 2007 http://www.oecd.org/document/56/0,3343,en_2649_201185_38721720_1_1_1_1,00.html

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