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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (20157)	7/13/2007 2:12:34 AM
From: elmatador	Read Replies (1) \| Respond to of 218134

German copies Brazil social security? klaser Germany copies Brazil's FGTS "a fundamental institutional reform at the Federal Employment Agency. Instead of receiving normal unemployment benefits, workers would pay into what the institute describes as an "employment account." Workers would pay into their own accounts and, if laid off, would then withdraw from that account. The government would not step in with any unemployment welfare benefits until the funds in that account -- which would draw interest -- had been exhausted. Any money left in the account when a person retires from the working world would augment their pension payments." businessweek.com With two differences: In brazil the funds can be withdrawn: 1) to pay the up front payment for a mortgage 2) in case the person is terminal ill