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Reform on pensions
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- Reply sunnyv
- Actually, I can tell you that the authorities are trying to cheat the public and renege on responsibility. It is so easy to reduce pensions, but a lot of people are deeply affected by such unexpected decisions.
The same time happened in my city. The authorities believed that the pensions system was too much and hard for them to pay, so they decided to cancel the long established employment pensions and replace it with a new system. The result was those who worked for years and relied on the pension was left with nothing much to survive on. That is unfair. People were furious and went to the streets to protest loudly. Eventually the authorities realized the unfairness and set up an acceptable pensions system as follows;
- Those who were employed before 2010 and entitled to a pension, would continue to receive a tangible long term pension on retirement. In other words they continue to benefit from a good pension as long as they live.
- Those who are employed after 2010, would not have pensions, and instead, money (about 10%) would be taken from their monthly salary and saved to a pension fund and they can take retirement money in a lump sum or monthly or at the age of 60.
The system is working quite well. People affected should unite together to tell the authorities to be fair and do case studies from other cities before making a final decision.
