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 P152 Billion Pension Fund

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PostSubject: P152 Billion Pension Fund   P152 Billion Pension Fund Icon_minitimeFri Sep 16, 2011 10:52 am

As of August 2002, the Social Security System, or the government-operated pension fund for all private employees, only has P152 billion in its treasury. Because of its dwindling fund, the government wants members' contribution increased to 9.4 percent of their monthly income from 8.4 percent.
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