03 July 2023
The new pension system: Here's how it works
New rules for pensions are on the way: 'the new pension system'. The previous rules worked well for years, but now they’re no longer appropriate, for example because people no longer stay with the same employer for their entire working life. We’re also getting older, which means we enjoy our retirement for longer. And then there's the matter of increasing our pensions. Although the economy has been doing well in recent years, pensions could often not increase along with it. That feels unfair.