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Retirement
Do private sectors give pension in your country?
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[QUOTE="Mika, post: 228547, member: 29399"] Big companies in my country give pension plans, these companies include banks, business houses, industries, etc. Some companies offer pension plans as good as the government's pension plan, whereas some companies offer very poor pension plans. However, you will be entitled to a pension plan only when you have been working for the company for at least 20 years. Since most of the companies offer a very poor pension plan, a lot of people working in the private sector choose to switch jobs frequently. When they switch jobs, they always go for higher pay. By moving into higher-paying jobs, they are able to earn more, and hence save more or invest. A lot of people prefer to invest in the share market or real estate. By the time they retire, they will have their own house or some sizeable investment in the share market. This money will help them live easily in their old age. By the way, the government pension plan is really good, you will receive 40 percent of your salary (your salary when you retired) until you live and after you, your spouse will receive 25 percent of your salary as the pension as long as he or she is alive [/QUOTE]
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Do private sectors give pension in your country?
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