`state-contribution` Related Article Results

The Individual Pension System (IPS) is a voluntary participation-based system designed to enable individuals to build long-term savings through regular contributions made in their own names, with these savings being professionally managed by portfolio managers and paid out as supplementary income during retirement. The system is fundamentally based on a “contribution-based” structure: the more an individual contributes, the greater the accumulation they achieve. In this respect, IPS differs from