Hello,
I need assistance with the following question:
Can privatization play a part in managing/tracking the fund so that the people who actually paid into the system are the ones that are actually receiving the benefit?
I believe that it can because only those who are actually working can pay into it and should receive the benefit. However, it is a little confusing compared to the current social security program we have today. If you could assist with an explanation (not sure if I am on the right track) in 100 words or more I would greatly appreciate it. Please provide any references used.
Thanks!