how about get away from this welfare system?
social security is just another form of welfare where certain group has to support another group.
in sc, what's the point to have social security as a cost to government.
if you don't save up to your own retirement then you're just screw up all your life.
why not just make a requirement that each person must save say 10% of the incomes for retirement? a person would start working at age say 15 to 65, which is 50 years. if on average a person makes $20k per year, then in 50 years would be $100k saved. if the person spent all that $100k during his non-working years, then he just get terminated/died in sc?
otherwise the government to invest that saving into a fund that pays at least 12% per year base on the country's economy? this should make the retired people lived longer if the country is well managed. though what's the value of having sc retired p
M
Mckoy Jackson
All worlds
Social security adds dynamic to the game
Leave my Country's Social Security alone, or make it so Presidents can select the Retirement Age.
My Country is rolling along just fine and I even bumped the Social Security target from 95% to 100%.
J
John Martinez
All worlds
people in my country would retire at the age of 65.
XON how do you suppose you save 10% of your money for 40 years of working and still be able to have enough money for another 40 years of comfortable living...... i think the point of SS is that first world countries (which have a higher GDP per capita) usually have a form of SS..... so the game assumes if you invest in SS then GDP per capita (Corps production rates will go up)..... i was being sarcastic in my first post..... with that being said i would like to see IFs and Pensions made relevant
i collect .03% on my pension and IF.... thats pretty terrible investing if you ask me.... i think investments should be made and you should decide weather you should use the money to reinvest or get sent to people in your country..... instead of having a magical constant interest on your assets