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Belgium's Pension System: Admirable or Flawed In Its Design?

In 2021, Belgium occupied 17th place in the Mercer CFA Institute Global Pension Index and, with a C+ rating, its pension system is currently on a par with those of both the US and France.

Although some may argue that the Belgian pension system has a number of admirable qualities, it should also be pointed out that it has some major design flaws which, if left unchecked, make it unsustainable over the long term.

This is because, like all other European pension systems, Belgium's pension system has to achieve two primary objectives. It must remain financially viable whilst being able to provide Belgians with an adequate income in retirement. As the main purpose of any pension system is to prevent older people from falling in to poverty whilst allowing them to enjoy decent living standards and economic independence, the financial sustainability of Belgium's pension system is paramount.

The current Belgian pension system is based on 4 pillars which are all sources of retirement income. These are:

  • Pillar 1: The Statutory Pension
  • Pillar 2: The Supplementary or Extra-legal Pension
  • Pillar 3: The Individual Pension Savings Plan
  • Pillar 4: Individual Savings & Investments

FREE Guide to Belgium's Pension System

To explain the role of each of these pillars in supporting your Belgium pension, Monnet Capital has produced a free guide for you to download. In this guide you will also find the information you need to best supplement your Belgian pension, so that you can be sure to have enough capital for your retirement.

Click the Button Below & Download your FREE Guide NOW

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As a Brussels based brokerage specialising in pension advice, Monnet Capital BV can help you navigate the intricacies of retirement planning in Belgium. If you would like to speak to one of our pension specialists directly, please take a moment and complete the contact form provided at the end of this page.

Remember, you are under no obligation & we do not charge for an initial conversation.

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