"Pension funds are investment funds and pension managers have to find alternatives to boost it other than subsidies from taxpayers. Radical investment activities in infrastructure, energy and tourism are some of these options. The myopic view in politics though always prevail. Welfare is not all about subsidy but market competition and bridging inequality through job creation, increasing income opportunities, and access to government services."
"Only over 10% of SSS members are regular wage workers and the rest have seasonal jobs or are self-employed. Increasing the contribution rate is the rational way to augment the pension fund and thereby justify increases in pension. Collection efficiency will mean hiring more people to go after small businesses scattered around the archipelago and will not lead to a sizable increase in the fund. Though in itself it is still an employment generation mechanism."
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