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Or you know you could setup a pension system where this hardly happens if at all by ringfencing the funds, allowing limited risk exposure and making sure the pl
by Bootvis 9y ago
Or you know you could setup a pension system where this hardly happens if at all by ringfencing the funds, allowing limited risk exposure and making sure the plans are well-funded. Countries in Western Europe indeed have managed to do this.
- sobani 9y agoAs an example, the Dutch "pension fund for government and education" aims to have 128% coverage. They still haven't fully recovered from the 2008 crisis, because they currently still have only 102,5% coverage.
- pvdebbe 9y agoWhich countries are you talking about? Finland certainly doesn't implement mandatory govt pensions well.
- varjag 9y agoModern Western European pension systems are largely post-WW2 so haven't been around that long. Sure based on performance so far, there are fair reasons to think you'll be able to extract a liveable pension in say 2050, but it's not really guaranteed.