pensionen
Pensionen are regular payments designed to replace a portion of income after leaving the workforce, making it possible to meet living costs in retirement or during periods of disability. In many countries pension systems are built around three pillars: a public statutory pension, occupational pension schemes, and private or personal retirement savings.
The public statutory pension is usually financed on a pay-as-you-go basis, with current workers’ contributions funding
Benefits are typically indexed to inflation and may be adjusted for early retirement options or career patterns.
Across countries, pension systems face challenges from aging populations, higher life expectancy, and varying birth rates.