PitchSend

Investor Presentaiton

◉ 回 Directions for Reform Improve the adequacy of state pension systems Encourage or require workers to save more for their own retirement Share of Today's Workers Who Do Not Expect to Receive a State Pension Benefit China 5% Hong Kong 9% Singapore 11% Malaysia 11% South Korea 14% Establish more robust floors Philippines 32% of old-age poverty Taiwan 32% protection Thailand 41% Vietnam 51% Raise retirement ages and Indonesia 55% encourage longer work lives 0% 10% 20% 30% 40% 50% 60% 回回 GAI Global Aging Institute 14

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