The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
The paper is concerned with pension systems in Western Europe. It discusses pension systems in Germany, France, Sweden and the United Kingdom. All these countries are welfare states, but their concrete parameters differ. Although the European Union does not recommend any concrete model of pension system, some tendencies are similar. All countries seek to save money. Most of them strengthen the principle of equivalence.