A caution:
Government and political interferences will worsen financial sustainability of the PPFs which will, in turn, create necessary conditions for private pensions to come as an exit door and government's excuse.
SSRA should take a bitter pills asap to arrest poor governance practices in this sector. Measures may include
- harmonization of the pension formulas,
- clear definition of what is a government to assist single borrower limit is observed once introduced
- advise government to reduce unnecessary competition from public pension funds and allow private pension funds to come while these public pension funds are in sound financial situations.
- etc as they see fit.....