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How Will Sweden's New Pension System Work?

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Annika Sunden () (Center for Retirement Research)
Abstract

In 1998, the Swedish Parliament passed pension legislation that transformed Swedenís Social Security system to a Notional Defined Contribution (NDC) plan æ that is, a defined contribution plan financed on a pay-as-you-go basis. In addition, the legislature established a second tier of funded benefits. This issue in brief describes the evolution of the new Swedish pension system and discusses its implications for other countries considering pension reform.

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Paper provided by Center for Retirement Research in its series Issues in Brief with number ib-3.

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Date of creation: 28 Mar 2003
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Handle: RePEc:crr:issbrf:ib-3

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