What Is a Pension?
Think of a pension as three questions: who pays in, who receives, and when?
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1.What is a pension?
Think of a pension as three questions: who pays in, who receives, and when?
2.What is a pay-as-you-go system?
In a funded system, contributions go into an account or fund that holds assets for later.
3.What is a notional account?
An account statement alone does not tell you whether money is saved or only recorded.
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Sources (2)
- OECD (2025): Pensions at a Glance 2025: OECD and G20 Indicators (11. Ausgabe, Gesetzgebung Sept. 2023 bis Sept. 2025)
- Eigene Rechnung: Beitrag 10 Prozent
Education only. Not financial advice.