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Where are the biggest pensions | Info

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Where are the biggest pensions |  Info

Scandinavian countries are definitely ranked best in Europe, but also in the world when it comes to the pension system.

Source: MONDO/Uroš Arsić

Conditions vary from country to country, but insurance information is kept until the retirement requirement is met.

Every EU country, where you have been a social security beneficiary for at least one year, offers a pension when the age requirement is met.

Also, if someone has worked in several countries, they can receive a certain amount from each.

European countries are among the best places for retirees in the world, various analyzes have shown.

The Mercer CFA Institute’s Global Retirement Report showed that it is The Netherlands tops the list.

More than 50 indicators and 47 pension systems around the world were investigated, which covers about 64 percent of the world‘s population.

Among the most important factors are the levels of availability of the public and private pension sector, the sustainability of the system and the quality of the competent services.

Source: Slaven Petković, mondo.ba

After the Netherlands, Iceland and Denmark follow. According to the report, most European countries received good marks, with only a few changes needed in Finland, Norway, Sweden, Switzerland, Ireland, Belgium, Portugal and Germany.

On the other hand, it is considered that retirement is not so convenient in France, Spain, Italy, Poland and Croatia.

One of the worst rated countries is Turkey.

It should also be noted that in most countries people retire at the age of 65, although in France and Germany there are increasingly loud proposals to increase it to 70.

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How much are pensions in Europe?

The average monthly pension is the highest in Norway (1,797 euros), the Netherlands (1,350), Italy (1,097) and Ireland (1,061), followed by Germany (990), Spain (900), Denmark (837), France (833), etc. .

In Slovenia, the average pension is around 800 euros, and in Croatia it is slightly less than 400 euros. Montenegrin pensioners, after the latest pension increases, receive an average of 359 euros per month.

Pensioners in Bosnia and Herzegovina have the lowest incomes in the region – they receive an average of 294 euros per month. Pensions are slightly higher in the Federation of Bosnia and Herzegovina entity than in the Republika Srpska.

However, one should also take into account how much a country pays out for pensions, although this does not necessarily mean higher pensions. For example, France is the country with the second highest public spending on pensions in the EU, behind Greece and Italy. Although the allocations for pensions also include those for disability or inheritance, old-age accounts for the largest percentage. Among the countries in the region, allocations for pensions are relatively equal if we look at the percentage of the country’s GDP.

(NP/EUpravo Zato/Eurostat/Kurir)

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