Pillar 1 is the state pension that you take after you retire each year. 👴

The state pension is a percentage of your final salary before you retire. This percentage 📉 decreases every year. 

According to EFOR estimatesestimates, if for those retiring now, the monthly state pension is about 48% of their last salary, for those retiring in 2040 (i.e. those who are now 45 years old), the state pension will be about 24% of their last salary. 😉