Fri, Nov 16, 2012 - Page 8 News List

EDITORIAL: Mismanaging the nation’s pensions

To better manage such a large fund, the government should elevate the level of the bureau and establish a committee directly under the Cabinet consisting of representatives from the CLA, the Financial Supervisory Commission, labor institutions, military personnel, civil servants and public school teachers, academics and experts, and have it monitor the fund’s independence, transparency, safety and stability.

To take good care of the public’s retirement funds, the committee should publicize results on a regular basis, eliminate inappropriate government interference and handle any irregularities as soon as they appear.

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