2. Bismarck’s Model State-based retirement systems (65 year old) ‣ Germany81 ‣ Brazil74 ‣ UK81 ‣ US79 ‣ Japan83 ‣ Mexico77 ‣ Australia82 ‣ Russia71

3. United Kingdom32.4 France32.3 Germany2.81.7 Italy2.81.6 China62 Japan21 Mexico73 Brazil62 20202050 Number of Workers per Retiree United States32

4. 55–60%90% 3–5%8% 3–5%up 1% per year to 10% 3%100% match 6%50% match 9%33% match <40%>75% Auto Enrollment and Re-enrollment Default Employee Contribution Auto-Escalation Stretch-match Employee Contribution Contribution % With Secure Retirement