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No pension? No problem! From today, Fine Gael is securing your future by enroling anyone without an occupational pension in Ireland’s new retirement savings system. Here’s how it works 👇

Fine Gael

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59,548 views • 7 months ago •via X (Twitter)

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It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.

It seems Amaany doesn’t fully understand how pensions work. Mohamed Nasheed didn’t introduce 5,000 MVR old age benefit as a permanent allowance for all Maldivians. Before his time, there was no contributory retirement pension system. So, he introduced one (7% employee, 7% employer), along with the 5,000 MVR benefit as an immediate measure to support those who weren’t receiving any retirement pension. Cause back then only gov employees were getting it. The idea is that everyone should contribute to their retirement pension fund while they are working. The full benefits of this system will be felt in about 50 years, when most people will receive a pension from their own savings. Only a small percentage of people, those who are not part of the retirement pension, will continue receiving the 5,000 MVR from the gov. In 50 years, parents won’t have to depend on the gov or their children for financial support in old age. They will be funding their own retirement through the pension system. So, the 5,000 MVR old age benefit is not a permanent allowance for everyone. It was designed to help those who wouldn’t otherwise have a pension and over time, fewer people will rely on it. This is a sustainable system. Cause people fund their own retirement from own savings.

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Fine Gael is making it easier to build a detached, self contained home in your back garden. Here’s how 👇

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Illinois is No. 1 in the U.S. when it comes to spending on higher education. If you subtract pension costs? We're No. 3 in the nation. Our problem isn't the money—it's the system.

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“You may see a house today that you want to buy, but if you wait until retirement to build your own house, you may not be able to get land in the same location because its price could have quadrupled by then.” — Socrates Affram, Chief Finance Officer (CFO) of GCB Bank PLC, assures workers that the newly launched Tier 3 Pension-Backed Loan facility will enable them to access credit without compromising their retirement savings, as their accumulated Tier 3 pension benefits will serve as collateral while the funds remain invested and continue generating returns for their future.

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This answer is so absurd, it has to be seen to be believed. Last night, Robert Martwick claimed the Tier 2 pension bill he authored was his way of doing Chicago a great service. Martwick said the new law will compel Chicago to finally come to terms with and solve its pension crisis. Tier 2 increases Chicago's pension debt by $11B with no support from the state, and Martwick believes he deserves a round of applause.

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56,261 views • 10 months ago

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