search query: @author Peterson, T. / total: 8
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| Author: | Peterson, T. |
| Title: | The pension boom |
| Journal: | Business Week
1997 : DEC 15, VOL. 3541:871, p. 20-21 |
| Index terms: | ECONOMICS EUROPE INVESTMENT |
| Language: | eng |
| Abstract: | Peter, a 37-year-old senior manager at a midsize German industrial company who makes $140000 a year is getting nervous. Talk of cutbacks in Germany's grossly underfunded retirement system has him suddenly doubting that the government will be able to provide him with an adequate pension when he hits 65. Indeed, retirees these days get an average of only 13000 USDOllars a year. So, starting next year, he is planning to put up to $280 per month into equity mutual funds earmarked for retirement - eventhough he'll get no tax break for doing so. |
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