But Estonia cut its contribution to private-sector pensions, in effect reducing the future retirement income of today's workers, while Poland has been considering similar proposals.
This effect tends to increase with age because the propensity to own assets for current needs and future retirement also increases with age.
Two or three times each summer, I pay a call on my own future retirement home, at the Brooklin, Maine, Cemetery.
"Some affected employees may decide it is worth breaching the allowances and stomaching the extra tax to ensure no loss to their future retirement income," he said.
The coalition document spelled out that while existing rights would be protected, future retirement benefits were likely to be less generous.
British households are feeling happier about their finances, more confident about their future retirement income and less burdened by their debts, official data has shown.
This sounds suspiciously like a plan to finance one's future retirement by buying only lottery tickets that are going to win.
For many of them, the pension regulations proposed last week by the Bush administration pose a threat to their future retirement.
The government's coalition document, published on Tuesday, spelled out that while existing rights would be protected, future retirement benefits are likely to be less generous.
By contrast, the taxes they "deposit" in the trust fund will earn an implicit return -- measured in future retirement benefits -- of only 1 to 2 percent above inflation.
Future retirement benefits for low- and moderate-income people under the age of 50 should be reduced because the life expectancies of the better off are increasing at a greater rate than theirs.
