Ⅲ. Characteristics of New Pension System in Chile
1. Individual Capitalization Accounts (ICA)
In Chile, they have pension system that subscribers pay back from their individual accounts after retirement. Therefore this account have no income redistribution among inter-layers and no income transfer between generations that exist in korean pension system. ICA's contributions are not inc
and get more in retired
These mechanism has an effect on the politic or interest group
So the politic or interest group made income transfer problem among generations
In new pension system
The AFP is not in the politic so the pension after retired is not decided by pressure of government or interest group
The unique determinant factor is labor and degree of economical success
incomer
if he/she want…
: Germany resident more than 16-year-old
: Germans living abroad
: low-incomer
pension of the old
: 70% of income
pension of the deceased
: partner + child = 60%
: etc = 25%
pension of the disabled
: 66~100%
The oldest system of
Social security of Germany company
A similar to retirement pension(single sum)
system
The range of object
The range of new pension system is include empolyee, owner-operate, executive.
if you are habitating sweden as the citizen of EU or EES you can reiceve pension
If you are not habitate in sweden more than three years, you can add up the period that living in EU or EES in membering period.
You can get guaranteed pension nevertheless you are receiving retire
system into a bottom-up structure.
There are three main systems in SAJO. They are controlling the business of the employees, evaluation through a complementary facility, and the process of executing the budget.
SAJO guarantees a retirement age of 55, and gives out bonuses at the end of the year based on their performances. Also, it offers several welfare systems by providing scholarship for th