Your English writing platform
Discover LudwigExact(14)
ReprintsThe proposed private scheme would be voluntary.
Germany has introduced a voluntary private scheme, which has so far been a flop.
The public sector bond option is cheaper unless the private scheme delivers 21% efficiency gains on investment, the reports says.
The national insurance rebates are designed to act as a carrot to encourage people to contract into a private scheme.
They could, however, be boosted to 75% for those choosing to pay a further 4% of their income into a private scheme.
Indeed, those aged 55+, who are most likely to require healthcare, are the least likely to be a member of a private scheme (only 14% are).
Similar(46)
Australia and Chile already have successful compulsory private schemes.
So far, only 1.8m out of about 20m workers have joined private schemes.
Treasury spokesman Matthew Taylor accused the government of massaging cost figures to favour private schemes over public.
When I first moved in, I spent months quietly digging out the back garden while forming grandiose private schemes.
He argues that the real crisis is not with state pensions, but with the private schemes encouraged by the government.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com