In order to avoid the bankruptcy of the pension system, the British government reformed the system mainly from four aspects: first, to increase the contribution of old-age insurance. Starting from the 2011 Mel 2012 fiscal year, the contribution ratio of employees and employers will each increase by 1%, totaling 25.8%. The second is to postpone the retirement age. The pensionable age for both men and women will be further raised. The third is to reform the occupational pension, stipulating that the second pillar voluntary occupational pension will become a compulsory occupational pension from October 2012, requiring all workers with an annual income of more than 7475 pounds and between the age of 22 and the legal retirement age. Workers who do not participate in any occupational pension plan will automatically join the occupational pension plan. Fourth, a low-cost national professional savings trust funded by the government has been established. The savings trust has an ultra-low 0.3% annual management rate. At that time, the private pension of the third pillar and personal life insurance will be more integrated with the second pillar. Unified use of the national professional savings trust platform, thus forming the main body of the British pension.
h government's pension reform measures?
Increase pension income and save.