I am to glad to hear that the government is interested and studying on how to make it happen. In the local newspaper dated Friday 24 July 2009, the Ministry of Finance (MOF) is considering to offer pension scheme for people who work in the private sector. The operation of the scheme is still under study.
Currently, pension scheme is only offered to government servants which means that they can choose to withdraw the entire sum of money in the fund upon retirement or they can choose to take pension.
I'd mentioned before in my blog the imporantce of pension scheme for all. Thumbs up to the MOF.
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