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It's basically a pay-as-you go program with current benefits funded by today's workers.
The same spirit motivates today's workers.
Today's workers should expect to labor longer, and companies should expect to employ more older workers.
These are welcome, but will affect today's workers, not those who have already retired.
But Europeans are not having enough children to replace today's workers.
They are financed through "pay-as-you-go" (PAYG): today's workers pay for today's pensioners.
I believe that today's workers can make enough money in the stock market to compensate.
According to the article, how do today's workers approaching retirement compare to those of past generations?
Similarly, today's workers are seeking ways to curb their anxieties and depression, he said.
Compulsory saving, by contrast, loads the cost on to today's workers, in effect with an extra tax.
The increase comes from giving pensioners a two-year holiday on their contributions to top up pensions for today's workers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com