Difícil. Por lo menos en Colombia cada día la pensión es un sueño muy lejano y la cotización cada vez más costosa. Colombia estaría muy bien si no fuera tan corrupta.

I think there is a simple correlation between the status of economy of a country and her pension policy. Rate of interest to pensioners is depends on the economic conditions of a country; if pension is regulated by the government. Economic health of a country always determine the distribution of financial benefit towards her citizen.

This is a quite interesting question. In a comparison of the salaries of civil servants in the German states we found a differentiated answer to this question. Since in Germany the pensions for civil servants are directly geared to the pay level of civil servants, you can conclude from these results on the explanatory factors for the level of pensions. For comprehending the results of our study, I should ad that since 2006 the German states have the legal competences to regulate the amount of salaries and pensions within their jurisdiction. For more details please see the English abstract of the respective journal article below. Unfortunately, the full article is in German.

Complete bibliographical references: Dose, Nicolai/Wolfes, Felix, 2016: Die Höhe der Beamtenbesoldung in den Ländern. Der Versuch einer Erklärung: Parteiendifferenzhypothese oder Verschuldungsdruck?, in: Zeitschrift für Vergleichende Politikwissenschaft, Vol. 9, No. 4, 267-293.

Translated: Dose, Nicolai/Wolfes, Felix, 2016: Civil servants’ salary level in the German “Länder”. An explanatory attempt: party difference hypothesis or debt pressure?, in: Zeitschrift für Vergleichende Politikwissenschaft, 9, 4, 267-293.

Abstract

Owing to the first reform of German federalism in 2006, the German Länder gained legislative competence to set the salaries of the civil servants in the Länder. Since then, they have exercised this power very differently. This becomes clearly evident in the growing salary discrepancy between the Länder. We draw on debt pressure, differences in the party composition of the governments, the number of veto players in the cabinet and membership in the Employers’ Association of the German Länder (TdL) as possible explanatory factors. Correlation and regression analyses indicate that salary size is best explained by debt pressure and membership in the Employers’ Association of the German Länder. This relationship especially holds true for senior civil service positions. Contrary to our expectation, those Länder governed by left-wing governments pay less compared to Länder governed by conservative governments.

Dear Anil Kumar,

There is no simple correlation between the status of economy of a country and its pension policy/contributions. Even in Europe, which in general is famous for its social security achievements, there are certain pension policy differences and indicators while having the similar or almost similar level of economic development - different welfare models differ and matter really.

Respected Arvydas Sir,

I am fully agree with you respected sir. It is right that social security issue of a country depends on her own political system. But my argument is that social security policy of a country more or less is controlled by the economic policy of the respective political system of the country.

This relationship can be determined by the annual income of the state and the development policies that the state pursues.

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