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Retirement
Private Sectors Vs Government Sectors: Who Provide Better Pension Rates?
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[QUOTE="funmi, post: 201769, member: 38880"] Obviously, in my country, government sectors pays better pension rates than their private counterparts. In fact, that is the major reason why many people struggle and try all their best to get a government job at any cost. The only private sector that I know that pays their retirees are the big companies and oil companies too. In the sector where I work which is teaching profession, if you like spend 30years in their school and work very hard, when you want to retire they will just give you some amount of money as a disengagement money and nothing more than that. I have a practical example in my school. A woman worked for my boss a cleaner for 24years in my school, in fact, she is the oldest staff in age and experience. She started falling sick at some point and she was diagnosed of chronic ulcer. She had no choice but to retire one day. After she retired, my boss gave her two hundred thousand naira(#200,000) in our country money and that was all. Whereas, my boss new she was supposed to go for surgery. That is a practical example of how private sectors treat people who retired from their place of work. [/QUOTE]
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Private Sectors Vs Government Sectors: Who Provide Better Pension Rates?
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