Chapter

Learning from the Experience of Sweden: The Role of Information and Education in Pension Reform

Edited by Annika Sundén

in Overcoming the Saving Slump

Published by University of Chicago Press

Published in print March 2009 | ISBN: 9780226497099
Published online February 2013 | e-ISBN: 9780226497105 | DOI: http://dx.doi.org/10.7208/chicago/9780226497105.003.0013
Learning from the Experience of Sweden: The Role of Information and Education in Pension Reform

Show Summary Details

Preview

This chapter describes Swedish pension reform and the vital role that information and education have played both in its implementation and on an ongoing basis. Relying on self-reports of participants, it documents that half of participants rate their knowledge of pensions as poor. The Premium Pension constitutes a relatively small portion of the new system, and participation is mandatory. The Orange Envelope is the cornerstone of communication to participants about the pension system. The results reveal that among those who opened the envelope, about 70 percent looked at the benefit projection during the first years the envelope was sent out. The fact that participants in general overestimate the role of the Premium Pension could contribute to the overall anxiety. The challenge for the National Social Insurance Agency is to consider alternative ways of communicating with participants so that they have the tools they need to plan for retirement.

Keywords: information; education; Swedish pension reform; Premium Pension; Orange Envelope; National Social Insurance

Chapter.  8037 words.  Illustrated.

Subjects: Public Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.