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The International Labour Organisation (ILO) has projected a complete depletion of SSNIT’s reserve by 2036.
This was revealed in an actuarial valuation study of the Social Security and National Insurance Trusts (SSNIT) viability.
According to ILO, total income including contributions, investment income and other income, will no longer be sufficient to pay for annual expenditures including benefit payments to pensioners by 2029.
Source:Mybrytfmonline.com
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