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The Pensions Myopia - Michael Briguglio

by timesofmalta.com posted 8months ago 29 views
The Labour government is banking on the influx of foreign workers to finance Malta’s pension system. This is the same system which is using revenue from today’s social security contributors to pay today’s pensioners and which will therefore require tomorrow’s social security contributors to pay tomorrow’s pensioners, unless sustainable reform takes place. In the meantime, Malta is undergoing the process of an ageing population, which means that in the future there will be comparatively less workers available to finance the increasing number of pensioners.

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