With an aging population and longer lives, funded pension systems, where working people save through pension funds to fund their future retirement, offer many advantages, the OECD said in its 2023 report on pensions, published on Thursday.
In France, which has opted for a pay-as-you-go system where active people contribute to paying the pensions of current retirees, capitalization remains underdeveloped. Only civil servants under the Supplementary Civil Service Scheme (RAFP) benefit from it. Thanks to this scheme, which has been in place since 1 January 2005, around 4.5 million agents are saving for their supplementary pension.
Pharmacists also benefit from a scheme that is both paid and funded, which currently accounts for 50% of the pensions paid to retired pharmacists.
Many advantages
If Emmanuel Macron celebrated the contribution in 2017 “French pension funds”the topic remains…
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Source: Le Figaro
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.