I suppose it is, as are many other government activities. To my knowledge for instance in pension schemes only the Government of Singapore has a scheme where the actual savings of the insured are used for their future pensions. In all other countries the payments of the young are used for the old, meaning that when today’s young get old their own contributions will no longer be around.
Rafiq A. Tschannen
I suppose it is, as are many other government activities. To my knowledge for instance in pension schemes only the Government of Singapore has a scheme where the actual savings of the insured are used for their future pensions. In all other countries the payments of the young are used for the old, meaning that when today’s young get old their own contributions will no longer be around.