The individual savings component supplements the BPS component and is a new development, in which the worker has an account in his/her name in a pension savings fund administration(AFAP).
To compensate, studio members invested personal savings, sometimes worked free and kept the project going but at the cost of time, which is also money.
It will highlight sustainable approaches to financing, including mobilization of domestic resources(national, municipal and private, including individual savings) and support for income generation activities.
Participants reported improvements in measures of financial health, including increased business and personal savings, improved financial tracking, and better preparation for financial emergencies.
(a) Where" pay-as-you-go" systems are the dominant form of old age security, there is a disincentive to personal saving as there is an increased expectation of- and reliance on- the State pension;
两者之间的差额由个人储蓄的大量减少所弥补,个人储蓄已下降到只占个人总收入0.5%的历史低水平。
The gap between the two had been covered by a dramatic decline in personal savings, which had dropped to a historic low of only 0.5 per cent of total personal income.
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