Not in this country. That's the problem countries like Germany have because in their system contributions made now pay for pensions now. Whereas as I understand it, NI operates a lot like a commerical pension fund - the money paid in now is invested in order to pay for the pensions of the contributors. The article focused on longer life expectancy as the problem.
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chiming
no subject
Date: September 20th, 2002 08:28 am (UTC)From: