Do you think workers should be permitted to invest all or part of their Social Security contribution in private investment funds? What are the advantages and disadvantages of a private option system? If given the opportunity, would you choose the private option or stay with the current system? Why?
Do you think workers should be permitted to invest all or part of their Social Security contribution in private investment funds? What are the advantages and disadvantages of a private option system? If given the opportunity, would you choose the private option or stay with the current system? Why?
According to the Social security contribution, it is part of the salary earned by a person which is used to invest in his future security and medical wellness. In which, the government provides options to invest the money in certain funds, the funds can be either privately owned or government owned. Both the funds operate in a different manner and different regulations. However, the ultimate aim of the funds is to earn interest on the contributions made by the employee so that their future can be secured and in case there is any medical emergency it can be taken care of.
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