Backgrounder posted June 29, 2000
Pension Reform in Sweden: Lessons for American Policymakers
Sweden has a long tradition of social insurance.1 Indeed, it was the first
nation to implement a mandatory government retirement system for
Nevertheless, Sweden is now one of the world's leaders in the
global shift to private pension systems.
The Swedish pension program faced financial problems similar to
the troubles plaguing the U.S. Social…
Executive Summary posted June 29, 2000
Executive Summary: Pension Reform in Sweden: Lessons for American Policymakers
Sweden was the first nation in the world to
implement a universal government-run retirement system, but today
it is in the process of privatizing part of its pension program.
Facing problems similar to those that beset the U.S. Social
Security system, the Swedes decided that personal accounts were the
best way of ensuring that today's workers would enjoy a safe…