Friday, May 26, 2006

Britain Plans to Overhaul Its Devalued State Pensions - New York Times

Britain Plans to Overhaul Its Devalued State Pensions - New York Times: "Also in 2012, the government would introduce a National Pensions Saving Scheme. Employees earning up to about $60,000 a year would contribute 4 percent of their wages to the program; their employers would put in 3 percent and the government would add 1 percent in tax relief. Workers would be automatically enrolled in the program unless they chose to opt out."

Makes you wonder, I hope, why our contribution rates are so much higher here.

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