Pensions in Germany Pensions in Germany Pensions in Germany are based on a “three pillar system”. The scheme is based on the pay-as-you-go (or redistributive) model. Funds paid in by contributors (employees and employers) are not saved (or invested) but are used to pay current pension obligations. Civil servants in Germany do not pay any contributions themselves but their salaries are correspondingly lower than those in the private sector. Recent changes to the system mean that from 2012 to 2023 the retirement age will go up to 66 by 2023. From 2023 the retirement age will be increased by two months each year,
Pensions in Norway scheme. The Minimal state pension is a pension scheme which is paid to retirees who have not earned a special supplement (Særtillegg) or who have earned an Occupational pensions which is lower than the State Pension special supplement. The minimal state pension provision is intended to prevent poverty in old age. All Norwegian citizens over the age of 67 are entitled to claim state pension, including Norwegian citizens who have never accrued pension, or those who have accrued a low pension. Living costs in Norway are very high and have been increasing tremendously over the past few decades. Therefore, the