It seems that there is at least one system that is intended to keep people alive even if they didn't work much.
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It seems that there is at least one system that is intended to keep people alive even if they didn't work much.
Because of low wages and interrupted work history, some workers earn modest incomes during their careers. Many of these workers will reach retirement with small private retirement accounts and notional accounts. To ensure that pension reform does not adversely affect these people, the new pension system guarantees an adequate old-age income for all Swedes.
For a single retiree, the guaranteed pension is about $9,000 per year. A married couple, meanwhile, receives about $16,000. This means-tested benefit is phased out according to the income available from the notional account and the private account. The means-testing rules that govern the guaranteed pension are relatively generous, to the extent that about 40 percent of workers are projected to receive at least some income from the safety net program.
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My recollection is that the comment I replied to was "You'd be lucky to keep a job for 30 years to manage to save enough and not die in poverty!" or something similar.