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These are the world's best (and worst) pension systems


webfact

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It happens even to "the best"....

 

[The world's best pension system is being pushed to the brink]

[An extended period of negative or record low interest rates has put huge pressure on pension funds in the Netherlands, forcing them to alert retirees that their incomes could be cut.]

 

https://edition.cnn.com/2019/11/21/investing/pensions-crisis-negative-rates/index.html

 

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1 hour ago, Berkshire said:

It happens even to "the best"....

 

[The world's best pension system is being pushed to the brink]

[An extended period of negative or record low interest rates has put huge pressure on pension funds in the Netherlands, forcing them to alert retirees that their incomes could be cut.]

 

https://edition.cnn.com/2019/11/21/investing/pensions-crisis-negative-rates/index.html

 

That part is about private pensions. I have said it earlier already, these articles can be very confusing since in many countries public and private pensions are combined.

 

Also, these regulations are meant to keep the system sustainable, and a possible cut does not affect many people.

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1 hour ago, Berkshire said:

It happens even to "the best"....

 

[The world's best pension system is being pushed to the brink]

[An extended period of negative or record low interest rates has put huge pressure on pension funds in the Netherlands, forcing them to alert retirees that their incomes could be cut.]

 

https://edition.cnn.com/2019/11/21/investing/pensions-crisis-negative-rates/index.html

 

Yet another harbinger of things to come globally??

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14 minutes ago, sukhumvitneon said:

US social security won't be around for anyone under 35

Nonsense. Even if the reserve funds dry up, about 79% of the benefits would still be paid. What's more the problem is easily fixed. Just remove the taxable ceiling on salaries. There's no way a program as popular as Social Security is going to be allowed to fail.

"Even if Congress does nothing to shore up the system by 2034, Social Security will be able to pay out 79 percent of promised benefits until 2090. The last time Social Security nearly depleted its reserves was in the early 1980s, when Congress shored up the program by gradually increasing the full retirement age from 65 to 67 and started to tax benefits based on income levels."

https://www.aarp.org/retirement/social-security/info-2016/debunking-six-more-myths-about-social-security.html

 

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