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Why is pension managed by the company, wouldn't a national pool be better? In India in the latest system, employee pays some, company adds some and from the mon
by blackoil 2y ago
Why is pension managed by the company, wouldn't a national pool be better? In India in the latest system, employee pays some, company adds some and from the money collected over lifetime, the pension will be given. The fund is managed by central government.
- know-how 2y ago[dead]
- stvltvs 2y agoFor the US, you're describing the Social Security program more or less which almost all workers participate in. The benefits aren't enough to live comfortably on, so people need to supplement it with something else.
- ghaff 2y agoA lot of people complaining about the downsides of company-sponsored defined benefit programs (which are significant) basically just want higher social security payouts (and presumably associated taxes).