4 ms·

I may misunderstand something, but isn't this how it works in most of the world? Certainly in the whole Europe. Social security contributions are mandatory for

• bigfatkitten 2y ago
  It's different in that it's funded by employers, but unlike the old defined benefit pensions it's portable throughout your career. You can also move between investment funds based on their fees, performance or whatever other factors you consider appropriate.
• Ekaros 2y ago
  Systems differ by country, and part might be paid by state, part from non-governmental managed funds. Yet contributions are taxed from income. And then there is whole split between private, municipal and state employees. Also in some countries it is not personal fund, but defined pension based on contributions with different times affecting in different ways. In general mandatory contributions that are then managed by myriad of ways. With possibly different ways of payouts.