Britain’s state pension one of the worst in the world
BRITAIN’S state pension is among the worst in the developed world with only Mexico offering its workers less.
Britons on average wages can expect a pension worth just 33 per cent of their final salary when they retire, according to the Organisation for Economic Co-operation and Development yesterday.
Of the 34 countries in the OECD, only Mexico had a worse rate at 29 per cent compared to a 54 per cent average across the rest of the bloc.
The startling statistics were contained in the organisation’s annual Pensions At A Glance report published yesterday.