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How Will Sweden's New Pension System Work?

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  • Annika Sunden

Abstract

In 1998, the Swedish Parliament passed pension legislation that transformed Sweden's Social Security system to a Notional Defined Contribution (NDC) plan 3/4 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.

Suggested Citation

  • Annika Sunden, 2000. "How Will Sweden's New Pension System Work?," Issues in Brief ib-3, Center for Retirement Research.
    • Handle: RePEc:crr:issbrf:ib-3
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    File URL: http://crr.bc.edu/briefs/how-will-swedens-new-pension-system-work/
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    References listed on IDEAS

    as
    1. Olivia S. Mitchell, 1998. "Administrative Costs in Public and Private Retirement Systems," NBER Chapters, in: Privatizing Social Security, pages 403-456, National Bureau of Economic Research, Inc.
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