Alexandoy
VIP Contributor
The social security system here has a program for the pension build up of the unemployed. It is actually called self-employed. The scheme of the monthly premium for the employee is shared by the employee and the employer equally. For the self-employed he has to pay 100% of the premium because he has no employer. But at the end of the term (at least 10 years of contribution) the amount of monthly pension is equivalent to the pension of the employees.
It is a good pension program for the benefit of the unemployed. However, most of the unemployed and self-employed here like vendors and drivers do not avail the program. They think the monthly premium is a big expense. When they retire that will be the time that they will regret their negligence.
It is a good pension program for the benefit of the unemployed. However, most of the unemployed and self-employed here like vendors and drivers do not avail the program. They think the monthly premium is a big expense. When they retire that will be the time that they will regret their negligence.