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This is an interesting topic that is also a very current one in the Netherlands: https://business.gov.nl/finance-and-taxes/pensions/the-new-pension-act-this-is-
by dersch 10mo ago
This is an interesting topic that is also a very current one in the Netherlands: https://business.gov.nl/finance-and-taxes/pensions/the-new-pension-act-this-is-what-it-means-for-you/ https://business.gov.nl/finance-and-taxes/pensions/the-new-p...
Where they've essentially implemented the system as the 1 in 4 American think it works in the USA. Specifically:
> It will become clearer how your pension or your employee’s pension grows. Employees will have their own pension account, showing all the contributions they have paid. And the profit or loss made with this money.
It will be interesting to see if this works out as they've calculated/predicted.
- rvschuilenburg 10mo agoI'm not from the US, so please correct me if i'm wrong. My understanding is that the Social Security in the US is more comparable to our "AOW". And our AOW is not changing. Our pensions are more comparable to the 401K in the us.
- andrewl 10mo agoWhere do you live, and what does AOW stand for? There's no way to say whether your comparison is correct without having any idea of what you're comparing Social Security to.
- rkomorn 10mo agoContext suggests they live in the Netherlands and are talking about https://en.wikipedia.org/wiki/Algemene_Ouderdomswet https://en.wikipedia.org/wiki/Algemene_Ouderdomswet .