December arrives and one more year Social Security has to pull their savings to pay extra pay to pensioners. Contribution income is used to pay the monthly payroll, but does not generate the necessary surplus to pay the extras for July and December. So far, the government has financed them with the Reserve Fund, popularly known as the ‘pension piggy bank’, but it will not be enough to cover all this year’s spending.

See original (not translated) news ➥


See translated news ➥