Monday, July 1st, was the last day on which people over 35 could enter the
so-called second pillar of the government’s pension insurance scheme,
thereby putting part of their pension funds into private insurance
companies. Despite a last-minute flurry of interest, the scheme has failed
to meet expectations with less than 100,000 people taking advantage of it.
So with the centre-right government on its way out, and the opposition
threatening to scrap the second pillar - is this the beginning of the end
of a reform that never really got off the ground?