Switzerland The U.S. system is weak because it lets participants in 401(k) plans and other defined contribution plans cash out at 59.5, says one expert. (Photo of Zurich: Shutterstock)

Thanks, in part, to a great retirement plan account annuitization system, Swiss people ages 65 and older have a median household income that’s about 50% higher than the median for U.S. people ages 65 and older.

Ronald Klein, director of the global aging research program at the Geneva Association, compares the Swiss, United Kingdom and U.S. employer-sponsored retirement plan systems in a new report aimed at policymakers.

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