Any arrangement done by older people for fund their later life, to be able to financially independent or secure can be a area related to public affairs. If not so, broadly what are the various categories or areas where we can put it.
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Pension contributions for the aged basically come in different forms per the standing order of the new pension schemes available. if the aged was a worker in the public sector, then he would fall under the obligatory contribution category. also these same people can decide to make contrributions to private schemes which is more like a savings scheme. But if the aged find themselves in the informal, there is still a scheme available for them to make voluntary contributions towards old age. These groupings are in the Defined Contribution schemes.
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