SOCIAL SECURITY REFORM

SPSSR > FAQs > 12. How will social security reforms be financed?

Question

12. How will social security reforms be financed?  

Answer

Neither social security reform nor the institutions it creates will make huge demands on the country's finances or on workers. In fact, the reforms will save costs by streamlining administration and eliminating duplication, thereby freeing up resources to provide better coverage and higher benefits. As far as individual workers are concerned, their contributions will provide them or their families with a fair income in retirement or in the event of that they die or become disabled before retirement.
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Created at 3/1/2011 4:22 PM  by Sharvania Pillai 
Last modified at 3/1/2011 4:22 PM  by Sharvania Pillai 




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