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Spain & Greece Have The Best Pension/Salary Replacement Rate In The World
How much of your paycheck would a pension replace in retirement?
Depending on the country, the answer ranges from more than 80% to less than 20%.
This graphic, via Visual Capitalist's Dorothy Neufeld, ranks countries by their projected gross pension replacement rate, based on data from the OECD. The rate compares pension benefits with pre-retirement earnings, with both measured before taxes and contributions.
Estimates are for an average earner entering the workforce at age 22 in 2024 and include mandatory public and private pensions, but exclude voluntary private retirement savings.
Spain Leads the RankingSouthern European countries dominate the top of the ranking, with Spain, Greece, Portugal, and Italy all placing in the top 10. Spain and Greece stand out at 80.4% and 79.6%, respectively.
Rank Country Pension Replacement Rate 1 🇪🇸 Spain 80.4% 2 🇬🇷 Greece 79.6% 3 🇱🇺 Luxembourg 75.6% 4 🇨🇴 Colombia 74.8% 5 🇳🇱 Netherlands 74.7% 6 🇦🇹 Austria 74.1% 7 🇩🇰 Denmark 72.7% 8 🇵🇹 Portugal 72.4% 9 🇮🇹 Italy 70.6% 10 🇲🇽 Mexico 69.6% 11 🇹🇷 Türkiye 69.1% 12 🇨🇷 Costa Rica 65.7% 13 🇸🇪 Sweden 63.7% 14 🇸🇰 Slovakia 58.0% 15 🇫🇮 Finland 57.8% 16 🇫🇷 France 56.6% 17 🇭🇺 Hungary 51.9% 18 🇨🇱 Chile 49.7% 19 🇳🇴 Norway 46.1% 20 🇸🇮 Slovenia 45.9% 21 🇬🇧 UK 44.7% 22 🇨🇿 Czechia 44.2% 23 🇮🇸 Iceland 43.9% 24 🇧🇪 Belgium 43.5% 25 🇮🇱 Israel 42.8% 26 🇨🇭 Switzerland 42.4% 27 🇩🇪 Germany 42.1% 28 🇦🇺 Australia 40.8% 29 🇺🇸 U.S. 39.7% 30 🇳🇿 New Zealand 39.5% 31 🇱🇻 Latvia 38.7% 32 🇨🇦 Canada 37.1% 33 🇯🇵 Japan 36.5% 34 🇰🇷 S. Korea 33.4% 35 🇪🇪 Estonia 29.3% 36 🇵🇱 Poland 28.6% 37 🇮🇪 Ireland 24.3% 38 🇱🇹 Lithuania 17.4% -- 🌐 OECD Average 52.0%National prosperity is not a reliable predictor of pension replacement rates. Mexico and Türkiye are both near 70%, while Germany stands at 42.1% and the U.S. at 39.7%, reflecting substantial differences in how national retirement systems are structured.
At the bottom, Lithuania's replacement rate is just 17.4%, less than one-quarter of Spain's 80.4%. South Korea and Japan also rank relatively low, at 33.4% and 36.5%, respectively.
Where Low Pensions Meet High Senior PovertyA low replacement rate does not automatically mean high senior poverty, but several countries near the bottom of the pension ranking also have elevated old-age poverty rates. In Lithuania, more than 20% of people aged 65 and older live in relative income poverty.
The pattern extends across the Baltics. Old-age poverty exceeds 30% in Estonia and Latvia, compared with an OECD average of 14.8%. In the U.S., the rate is also relatively high at 22.9%.
At the other extreme, the Netherlands combines a 74.7% replacement rate with an old-age poverty rate of just 4.6%. Denmark, Finland, and Norway also have poverty rates at or below 5%.
Replacement rates are only one part of retirement security, but these comparisons show how differently pension systems replace workers' earnings across the OECD.
To learn more about this topic, check out this graphic on the annual cost of retirement by state.
Tyler Durden Thu, 09/03/2026 - 02:45Shohei Ohtani’s injury concerns grow after maddening Dodgers loss: ‘Won’t be an IL –– unless it is’
'Horrible Violence': Quiet Dutch Village Turns Into A Battlefield
Authored by - Remix News Staff - via Remix News,
A suspected underworld revenge attack linked to fugitive drug trafficker Jos Leijdekkers, known as "Bolle Jos," left a security guard dead and two police officers wounded in the quiet Dutch village of Overasselt in the early hours of Sept. 1, 2026.
Surveillance cameras captured vans full of masked men carrying assault rifles during the attack, which is raising fears that Netherlands is devolving into a narco-state.
🇳🇱🔴 JUST IN: Shocking footage shows 1 security guard murdered and 2 police officers wounded in the Netherlands.
Dozens of armed drug gang members opened fire in the small Dutch town of Overasselt.
Footage shows multiple vans filled with masked men armed with assault rifles.... pic.twitter.com/ShudqYyHFg
Around 4:00 a.m., two vans pulled up and a large group approached a farmhouse previously tied to a drug lab. The surveillance footage shows the group approaching a parked car with its interior light on. Five shots were then fired, according to the Dutch police report on the incident.
A 51-year-old man from nearby Wijchen, hired as a security guard after an earlier attack on the property, was murdered. Neighbors reported hearing dozens of shots, with one neighbor telling Dutch media he heard 37 shots before police arrived.
The first officers responding to a report of a suspicious situation came under immediate fire. Colleagues dragged the wounded officers to safety while still being shot at. One officer initially suffered life-threatening injuries; both were later reported out of danger.
Police launched a nationwide manhunt involving helicopters, dogs, special intervention units, and roadblocks on the A73 and A76. Warning shots were fired during searches of cornfields, gardens, and other sites. The operation led to the arrest of 34 suspects at multiple locations, including a cornfield near the scene, Nijmegen train station, and highways in Limburg. The suspects included Dutch, Belgian, French, and Algerian nationals. Weapons, vehicles, and data carriers were seized. A large-scale investigation team (TGO) has now been formed, with all detainees remaining in custody.
The incredible violence has sparked reactions all the way from local police officials to the country's justice minister.
Deputy Police Chief of the East Netherlands unit Jolanda Aalbers described the night as "indescribable."
"For colleagues this is a truly intense incident. Colleagues were wounded and they were brought to safety by other colleagues at risk to their own lives. It was a real act of heroism. We are grateful that the wounded colleagues are out of life-threatening condition."
Justice Minister David van Weel condemned "horrible violence" and said "we do not tolerate this," according to Dutch news outlet NOS. He also described the scale of the violence as "unprecedented" for the Netherlands. "The fact that you have hordes of dozens of young people walking through the streets of a village and immediately opening fire on the police is unprecedented and new," he said. He spoke of a suspected criminal settling of accounts involving international drug cartels that operate across borders.
Deputy Chief Prosecutor Monique Vinkesteijn called it a "long-running conflict." She said that suspects face charges including murder or manslaughter, attempted murder, conspiracy, and preparation of a kidnapping. She described ten different crime scenes, underlining the sprawling and complex nature of the crime. She said investigators were working to link each suspect to specific locations.
Mayor Joerie Minses of Heumen municipality, which includes Overasselt, called the violence "un-Dutch," "completely unacceptable," and something that "goes beyond all bounds."
"What happened last night does not fit Overasselt," he stated.
He now says he may want to close the farmhouse entirely, which has a documented history of trouble.
In 2019, a professional drug lab was found in shipping containers near the farmhouse after a fire. In 2024, armed men were found at the gate of the house.
In July 2025, an attacker fired at least 25 rounds from an AK-47-style rifle at the house, resulting in the conviction of a 21-year-old from Amsterdam. Residents then hired private security.
What sparked the latest attack?There are now questions about what prompted such a large-scale attack from the drug gangs. Dutch media, citing police sources, linked the attack to a dispute over an 812-kilogram cocaine shipment seized on Aug. 29 at the French-Spanish border. The drugs were in a Dutch-registered truck traveling from Africa via Portugal.
The masked gang members may have been seeking a missing portion of the load or confronting an intermediary connected to Leijdekkers' network. Leijdekkers, one of the Netherlands' most-wanted fugitives, has been convicted in both the Netherlands and Belgium, including a 14-year sentence in the Belgian Costa case involving Antwerp port cocaine trafficking. He faces decades in prison for other crimes as well. He is believed to be in West Africa. Police have not officially confirmed the Leijdekkers link.
Tyler Durden Thu, 09/03/2026 - 02:00