available hereThe GenevaAssociation
How Europeans think about retirement plans
- Europeans use the term "Pillar I" to refer to government-runretirement income programs, what we would refer to as our SocialSecurity retirement income benefits program.
- The term "Pillar II" refers to occupational retirement benefitsarrangements, or as in the U.S., traditional definedbenefit pension plans or 401(k) plans.
- The term "Pillar III" refers to individual retirement savingsarrangements, such as individual annuities purchased away fromwork.
The report
|3 facts about how the Swiss system works
1. Swiss workers earn more to start with.according to 2017 GDP data2. Swiss workers save a lot more than U.S.workers.3. Swiss workers, and employers,typically contribute a lot to defined contribution retirementplans.
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Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
