Issue no 11 of Efling’s Economic Analysis is out. It deals with the pensions and income after taxes of the elderly. It is shown with new data that pensions are generally low for the majority of pensioners — much lower than most would expect.
The main explanation is that the contribution of Tryggingastofnun (TR) to pension payments is way to low. This result is examined in the context of the repeated argument that Icelanders have the world´s greatest pension system. It is explained why the pension system does not rise under that rating.
Read the issue here.
All published issues of Efling’s Economic Analysis can be read here.