Asia’s pension systems need modernising urgently to deliver secure, sustainable and adequate retirement incomes for today’s workers in the context of the rapid population ageing that will occur over the next two decades, according to a new report from the Organisation for Economic Cooperation and Development ("OECD"). The Report states that many of the region’s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades. Between now and 2050, the population aged over 65 in non-OECD Asia/Pacific economies will nearly triple, from 6% to 17%. The report analyses the retirement income systems of 16 Asian countries, including Australia, China, India, Indonesia, Pakistan, the Philippines and Vietnam.