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Swedes Swing Over to Private Pension Policies

Published fredag 27 oktober 2006 kl 14.21

New statistics show that more and more private persons and companies are signing up for private pension insurance policies in Sweden – with the growing awareness that the benefits of the old welfare state have been reduced.

Fearing huge pension burdens from an ageing population, the Swedish state-run system has cut future payment levels from some 80% to only 50 % – by basing payments on the average income of the entire working life and not just the highest and best years.

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