Pension policy traditions a ' Bismarck'-style public pension plans Earnings-related contributions and benefits emphasising fiscal equivalence between contributions and benefits limited private provision of retirement benefits a Beveridge'-style public pension plans: Provision of basic, flat-rated pension with little or no emphasis on fiscal equivalence between contributions and benefits Significant provision of private retirement benefits U N I KASSEL VER SIT AT6 Pension policy traditions  ‘Bismarck’-style public pension plans: Earnings-related contributions and benefits emphasising fiscal equivalence between contributions and benefits. Limited private provision of retirement benefits  ‘Beveridge’-style public pension plans: Provision of basic, flat-rated pension with little or no emphasis on fiscal equivalence between contributions and benefits. Significant provision of private retirement benefits