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Yes. The change in pension to defined contribution should be something that is phased in as those making decisions in the system were making them under existing
by Agustus 11y ago
Yes. The change in pension to defined contribution should be something that is phased in as those making decisions in the system were making them under existing conditions. However, once the change has been made, those not grandfathered in should expect the new infrastructure.
That is why the social security system needs to start being changed for longer lifespans, not for those who operated under the current system, but so it can remain solvent for those entering the program now.