Occupational pensions
Most employers - except for very small ones - provide occupational pension schemes.

The employer pays 10-15% of gross salary into the pension fund. Most employees also contribute about 5%.

On retirment, the typical scheme will pay pay a pension of one sixtieth (1.7%) of retiring salary for each year you work, to a maximum of 40/60th or two thirds of retiring salary.

Lump sum options and death benefits for spouses and children are also usually included. The state Old Pension is paid in addition to the occupational pension, although they may be integrated in many schemes.