Public figures have published an open letter to express their discontent with plans to make the country’s second pillar pension funds voluntary. The letter was signed by various high profile people including analysts, economists and entrepreneurs from a range of institutions broad enough to include all of the country’s major important universities, banks, ministries, investment funds, industrial associations, trade unions and think tanks. They believe that at this moment there is no viable alternative to a pension system based on saving money and dismantling it would mean the creation of a large financial burden for coming generations. Instead of the reforms that are being discussed now they urge politicians to improve the second pillar by making it more effective.
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