All the parties also agreed that pensions should be adjusted to take account of rising life expectancy, with the value of annual pensions to be correspondingly reduced. In addition, the link between annual pension increases and wage rises will be cut (instead, increases will be based on a lower figure related to wage and price growth). The new system is due to be phased in from 2010.
Wednesday, March 12, 2008
Perhaps we can learn something from Norway
They are tackling their pension problems:
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This is similar to the scheme that Sweden adopted in 2001. There is a good article on it posted here:
ReplyDeletehttp://www.weeklystandard.com/Content/Public/Articles/000/000/014/853mjsly.asp