Here’s how other countries financially support their retirees

Here’s how other countries financially support their retirees

Governments around the world are worrying about their citizens’ retirement security — they just approach it differently. Some use different versions of a pay-as-you-go system, where current workers pay for the benefits of current retirees — just as is done in the United States — while others have regulations that place most of the onus on either employers or employees.
One out of 11 people around…

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