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| Abstract of Investment Choice in the Swedish Premium Pension Plan Center for Retirement Research at Boston College  Apr. 7, 2005 Excerpt: In 1998, Sweden passed a pension reform that introduced a second tier of mandatory individual accounts, the Premium Pension, in the public system. Of the total contribution rate of 18.5 percent, 2.5 percentage points go to the accounts. The first investment selections in the Premium Pension plan took place in the fall of 2000 when all Swedes born after 1938 were able to choose how to invest their contributions from a menu of about 650 mutual funds. |
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