Swedes Swing Over to Private Pension Policies

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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