available here The Geneva Association |
How Europeans think about retirement plans
- Europeans use the term "Pillar I" to refer to government-run retirement income programs, what we would refer to as our Social Security retirement income benefits program.
- The term "Pillar II" refers to occupational retirement benefits arrangements, or as in the U.S., traditional defined benefit pension plans or 401(k) plans.
- The term "Pillar III" refers to individual retirement savings arrangements, such as individual annuities purchased away from work.
The report
|3 facts about how the Swiss system works
1. Swiss workers earn more to start with. according to 2017 GDP data 2. Swiss workers save a lot more than U.S. workers. 3. Swiss workers, and employers, typically contribute a lot to defined contribution retirement plans.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
