What is Pillar 1?
Pillar 1 is the state pension you will get after you retire each year. 👴 Your state pension is a percentage of your final salary before you retire. This percentage 📉 decreases every year.According to EFOR estimates, if for those retiring now, the value of the monthly state pension is about 48% of the last salary, for those retiring in 2040 (so those who are now 45 years old), the state pension will be about 24% of the last salary. 😉
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