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What does Pillar 1 mean?

Pillar 1 is the state pension that you will receive after you retire, every year. 👴The state pension represents a percentage of the last salary amounts before you retire. This percentage 📉 decreases every year. According to EFOR estimates, if for those retiring now, the monthly state pension value is approximately 48% of the last salary, for those who will retire in 2040 (so those who are now 45 years old), the state pension will be approximately 24% of the last salary. 😉
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    STATE PENSION
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