Tag: Swedish pension system
The brief’s key findings are: The economic crisis has posed a ‘stress test’ for the automatic benefit adjustments in Sweden’s pension system. Slow wage growth and a collapse in equity values triggered a first-time benefit cut for 2010. Policymakers have revised the automatic adjustments, however, to moderate the decline. Thus, even automatic adjustments may b…
Introduction Many countries are discussing how to reform their pension systems in order to meet the demands of an aging society. A trend in these reform discussions is to introduce individual accounts as part of both public and occupational schemes. Sweden was an early mover in this process. In 1998, Sweden introduced a second tier…