Investor Presentaiton

回回 Directions for Reform Improve the adequacy of state pension systems Encourage or require Share of Respondents Saying "Require Workers to Contribute More to Pay for Government Pension Programs" versus Share Saying "Require Workers to Save More for Their Own Retirement" | Contribute More workers to save more for Save More 100% their own retirement 90% 88% 89% 90% 90% 90% 82% 80% 72% 77% 83% 85% 77% 85% 70% 64% 64' 回 Establish more robust floors 60% 52% of old-age poverty 50% 40% protection 30% 20% 10% 回 Raise retirement ages encourage longer work lives and 0% GAI Global Aging Institute China Thailand Philippines South Korea Taiwan Vietnam Indonesia Singapore Malaysia Hong Kong 68% 68% 57% 54% 30% 16

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