Yes its the same in my country. But here there are two organisations. The government organisation and the private pension organisations. To keep money by your self is not a good idea, you have to choose the best between the two.
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I do not think it is the same thing over here.Well I'm aware of some countries who have allocated funds for workers as soon as they retire, these funds run into billions of dollars, instead of these funds sitting in a domiciliary account the funds manager for the association takes these funds with the blessings of the stakeholders and invest with investment companies, hedge-funds company, they in turn use the funds to trade and make profits. Is that the same in your country?
Is this really possible?I think this is the reason why pension are not being paid in my country, where retired people will be clamoring or lamenting for the unpaid pension so i think its the main reason why pension are not being paid where as pension should be kept in a domiciliary account.
Well I'm aware of some countries who have allocated funds for workers as soon as they retire, these funds run into billions of dollars, instead of these funds sitting in a domiciliary account the funds manager for the association takes these funds with the blessings of the stakeholders and invest with investment companies, hedge-funds company, they in turn use the funds to trade and make profits. Is that the same in your country?