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Economic expert: second pillar of government’s pension system can be made viable

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Monday, 1 July, was the last day on which people over 35 could enter the so-called second pillar of the government’s pension insurance scheme, thereby putting part of their pension funds into private insurance companies. Despite a last-minute flurry of interest, the scheme has failed to meet expectations with less than 100,000 people taking advantage of it.

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