Unified pension system: A fix for fragmented Philippine retirement schemes?

Unified pension system: A fix for fragmented Philippine retirement schemes?

With the Philippines’ Social Security System (SSS) receiving a poor rating from a global pension index last year, a finance expert suggested that consolidating all state and private retirement schemes into a unified pension system would be an ideal and more sustainable move for the government.“It would be wise to consolidate these various government and private sector retirement schemes and ensure the sustainability of the consolidated defined b…