All Features articles – Page 508
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Features
Austria takes next step
Supplementary pensions are becoming of vital importance to the Austrian market, according to the Fachverband der Pensionskassen The income of Austrian retirees is based on the three pillars: state pension, occupational pension and private (individual) pensions. Out of the total yearly benefits (approximately E30bn in 1997), about 90% is paid ...
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Features
Belgium embraces new framework
The introduction of prudent investing has changed the face of the Belgian pensions market for the better, says the Belgian Pension Fund Association. First pillar pensions are generally based on a PAYG-system. In 1997 pension payments amounted to E18.1bn, of which 63% went to the private sector, 28% to the ...
