4. Netherlands, The
7. New Zealand
Germany is ranked 3 on the Global AgeWatch Index, scoring relatively equally in all domains, though its rank for income security is the lowest of the four domains. Pension reforms in 2001 and 2004 have led to reduced pensions, a trend which will continue. The need for additional private provisions in old age has also increased.
Since 2003, there has been a social cash transfer for older people which also applies for perople who have limited potential for work. This transfer covers only basic needs but is non-contributory. The number of people receiving this transfer is increasing continuously.
Employment rates of those between 55 and 64 have been low in the past but are increasing as a result of government policies and programmes and corporate sector initiatives. Retirement age is gradually increasing to 67. However, this is seen by many as a result of economic pressure, not an opportunity.
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