Sweden’s future retirees can expect their retirement compensation levels to plunge. The level is "slowly creeping downwards" to less than 45 percent of the salary a worker has just before retirement for everyone born after 1961 and below 40 percent for those born after 1992, Swedish insurance industry union Forena informs in a new report.
To force the government into action, the union started lobbying for a six-point reform in 2019. The new report published last week has been updated with fresh numbers, and Forena concludes that pension levels continue to fall at an astounding rate.
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