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Essay

US & Chile's Spcial Security System

Essay specific features

 

Issue:

Social Issues

 

Written by:

Dario G

 

Date added:

October 17, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

8 / 2057

 

Was viewed:

6279 times

 

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Essay content:

An additional 3% of salaries went to commission fees for the pension managers and towards disability and survivors insurance. Retirement benefits were then essentially linked to the amount an individual contributed and the rate of return of the private pension management firm. Furthermore, the government also guaranteed to fill in for the discrepancy between the minimum pension amounts (Leiva 1-3)...
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Furthermore, the government also guaranteed to fill in for the discrepancy between the minimum pension amounts (Leiva 1-3). The new system, therefore, had fundamentally three aspects to it: the government's role, the private pension fund managers' role, and the savings of individual workers. This three tiered system allowed for different groups to share in the responsibility of Social Security, lifting the burden off of the government...
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General issues of this essay:
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