Table 3: Type of pension regime and funding of pensions in European countries (approx. 1989/90) |
Country | Type of regime | Funding of pensions | |||
Contribution of civil servants to | Contribution of the state/employer | ||||
their own pensions | surviving dependents pensions | ||||
Austria | Statutory Regime | 10.00% | Budgeting |
||
Belgium | Statutory Regime | Zero |
7.50% |
Budgeting |
|
Denmark | Regime guaranteed by constitution | Zero |
zero |
Budgeting |
|
France | Statutory Regime | 8.90% | Budgeting |
||
Federal Republic of Germany | Statutory Regime | Fictitious |
fictitious |
Budgeting |
|
Greece | Statutory Regime | Zero |
zero |
Budgeting |
|
Ireland | Statutory Regime | Fictitious |
1.50% |
Budgeting |
|
Italy | Statutory Regime | 6.95% (since 1991: 7.15%) | Budgeting |
||
Luxembourg | Statutory Regime | Zero |
zero |
Budgeting |
|
The Netherlands | Statutory Regime | 15.29% (=average
for both pension contributions) |
Pension fund |
||
Portugal | Statutory Regime | 6.50% |
1.50% |
Budgeting |
|
Spain | Statutory Regime | 3.86% |
Budgeting |
||
Switzerland | Statutory Regime | 8.67%
(=average for both pension contributions) |
Pension fund
(Eidg. Versicherungskasse |
||
United Kingdom | Statutory Regime | Fictitious |
1.50% |
Budgeting |
|
EU | Statutory Regime | 6.75%
|
Budgeting |
Source: Neyens and Koob 1992, 3 (altered).