Provision for pension contributions
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humbert
Apprentice
Joined: 20 May 2005
Posts: 9
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 Posted: 11/12/07 - 06:44 Post subject: |
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| I’ve recently found a new job and I’m confused about the provision for pension contribution. To tell you the truth I don’t like this pension system! I don’t understand why we have to give our money now in order for it to be returned to us later? Why not just open an account and put some money every month and when you retire, just live from that money. Am I being unrealistic? |
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barty
Apprentice
Joined: 14 Nov 2004
Posts: 6
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| Posted: 12/12/07 - 01:31 Post subject: |
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| You are very unrealistic! It’s impossible, because it’s also a way to pay a certain taxes. There are also those private pension funds and you can perhaps demand to be given the whole amount of money you’ve earned so that you can decide where to invest it. I don’t know how reliable those funds are, but I’ve read that there are sometimes big frauds in those pension funds and sometimes many people lose their savings because they’ve invested their money into a company that went bankrupt. So, I really don’t know what to advise you. I think I’ll stick to the regular pension fund because it’s not likely that our country economy will crash and eat up all our lifesavings and pensions. |
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