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Costa Ricans Save Only When
Forced
Pension operators say that Costa
Ricans only save when they are
forced and when they have the
chance, the run for their
savings.
Data from the Superintendencia
de Pensiones, which regulates
"obligatory" pension plans,
shows that a shortage of savings
is reflected in daily Costa
Rican life and pension operators
that watch over the savings feel
the impact.
Obligatory pension operators
deduct monthly payments from
government workers and held in a
fund that as last February is
estimated at us$1.4 billion
dollars.
Last year, when given the
chance, some 285.000 Costa
Ricans pulled out some us$136
million dollars from the
obligatory fund.
Experts are telling Costa Ricans
keep their money in the funds
and to look at the long term
benefit.
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