Some laws in other countries seem so different from my part of reality. According to Aftonbladet.se Chinese children are obligated to visit old parents regulary. If they do not, they can be sued. How often they have to visit the law doesn’t say, according to Aftonbladet.se. There is no welfare system in China to provide for old parents. According to the article there are very few alternatives for those that cannot provide for themselves. So if you live in China you need to save all your life, so you can be supported when old. In fact that is what we do in Sweden too. We pay part of our saleries to a pension system. If you die – all the others in the pension system get what you earned. So that is the difference, at least for the state pension. For the private pensions you can take out a insurance so that your relatives may inherit your money. If you take out the insurance, then you get less pension. This is how the Swedish system works. On top of what you earn the companies can pay additional fees if they have signed agreements for that. If you earn a lot and the company only pays the state fees, your pension will not be that high. I have earned a lot sometimes, but without the collective agreement my pension has decreased during those periods. So sometimes a lower salery can give me more pension if the companies have collective agreements (kollektivavtal).
In order for the pension system to work, people cannot grow much older than today, otherwise we probably will have to higher the age for retirement. I am thinking I perhaps won’t even have a pension to speak of at retirement. Perhaps I have to work until I die. Who knows? Maybe I do not even grow that old? Who knows? Nobody knows. If one knew… I wonder what one would do? I do not think I want to know. Do you want to know when you die?
Source 20121228:
