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Topic: |
History
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Number of pages / Number of words: |
9 / 2325 |
Essay's paper body
Nonetheless, education itself is not the solution to all social security problems. It is easily noticeable that the demand of the aged for support from the Government has been greatly increasing. Ageing population is of no doubt a major important factor, it should however be noted that there lacked a general understanding of the importance of preparing beforehand to be financially independent in the old ages...
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Only one-third of the working population had retirement protection before 2000. The other two-third of the working population then relies heavily on Government support upon retirement. In view of these, the Government has set up the Mandatory Provident Fund (MPF) in 2000, aiming to eradicate, or at least ease the problem mentioned...
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