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Private Sectors Vs Government Sectors: Who Provide Better Pension Rates?
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[QUOTE="Rachael, post: 226454, member: 68963"] I might not know for other geographical setting but when it comes to my country, to a greater extent, the government sector provides a better pension rate than the private establishments. This is the more reason government jobs is been regarded ads hot cake and has very limited slots, which makes people lobby for it at all cost and this also offers the opportunity for hoodlums or fraudsters to use the desperation to extort money from vulnerable individuals. private sectors are known to be coupled with lots of stringent rules which is coupled with low wages and in some cases, absolutely no benefits, rather it is coupled with frequent deductions at any slight offense. Most private sectors do not treat their employees well and this is because of the present state of the economy. Some employers treat their employees with no regards because they feel, that the labor market is already filled with lots of people roaming without no jobs and definitely the employees would have to endure because they would not want to join them in job hunting again. Public sectors offer both pension and gratuities, the pension is a contributory effort of both the potential pensioners and the government and there is guarantee of job security as well whereas private sectors if at all pension is offered, it is solely done by the employees [/QUOTE]
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Private Sectors Vs Government Sectors: Who Provide Better Pension Rates?
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