Investor Presentaiton

- - - - - - 11. Reform Objectives Coverage of the pension system, by both mandatory and voluntary schemes. Introduce pension scheme for private & Informal Sectors Adequacy of retirement benefits, increase social pension Financial sustainability and affordability of pensions to taxpayers and contributors, DB to DC for new government employees Economic efficiency: minimizing the distortions of the retirement- income system on individuals' economic behavior, such as labor supply and savings outside of pension plans, effective resource mobilization Administrative efficiency: keeping the cost of collecting contributions, paying benefits and (where necessary) managing investments as low as possible Security of benefits in the face of different risks and uncertainties, supervising agency

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