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Private Sectors Vs Government Sectors: Who Provide Better Pension Rates?
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[QUOTE="Alexandoy, post: 209988, member: 25510"] To be honest, I really don't know about the pension plan of insurance companies here although I know that some of my colleagues (the younger ones in the office) had taken a policy for their pension. The government pension here is very limited and I think it is only $200 per month as the maximum and that would depend on the number of monthly contributions that you had made. For the minimum pension, you need to contribute at least 120 months and over that will increase your pension from the minimum. The amount of contribution is also a factor when the monthly pension is computed. Nevertheless whatever you contribute the amount of monthly pension is still limited. If you want a bigger monthly pension then you have to buy a pension plan from the insurance company. [/QUOTE]
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