Timeline for Are higher income people subsidized by the contributions of low income people in pay-as-you-go pension systems
Current License: CC BY-SA 4.0
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| Feb 6 at 13:37 | comment | added | Giskard | So in the UK, assuming he same life expectancy, the higher income people would subsidize the lower income pensioners. Interesting! Wonder if the differences in life expectancy would change that. | |
| Feb 6 at 11:55 | comment | added | Adam Bailey | For the UK state pension system, most of your first two paragraphs apply, but there is one significant difference. Broadly, the monthly pension a person receives from state retirement age depends not on their total contributions while working but on the number of years over which they contributed. Contributions per year depend on income, so if A and B contribute over the same number of years but B has higher income, B will contribute more but still have the same pension. | |
| Feb 6 at 10:12 | history | asked | Giskard | CC BY-SA 4.0 |