The other 50 percent is put into a fund to provide pensions for all Bolivians.

They've also moved away from providing long-term job security or traditional defined-benefit pensions.

"My parents worked in government organisations and they provided pensions," he says.

They are designed to provide generally lower pensions than traditional final-salary schemes.

Then the Greek army will think we died as heroes and provide pensions to our families.

European governments, not employers, provide health care and pensions.

An employer may provide pensions to his employees by means of:

There is little state attention paid to providing pensions.

Local governments around the state, which use the state's retirement system to provide pensions for their employees, may owe another $1.5 billion.

Nowadays most developed countries have systems to provide pensions on retirement in old age, which may be sponsored by employers and/or the state.