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                    [ArticleID] => 166055
                    [Title] => SSS needs to raise contributions from members — US firm
                    [Summary] => Watson Wyatt Worlwide, a US consultancy  firm,  said yesterday   there is a need for the state-owned Social Security System (SSS) to increase its member-contribution   to avert  a  financial crisis in the next few years. 


"An actuarial valuation of the SS funds showed that the government-run pension  fund system would run out of funds by 2015 due to soured investments," a top  executive of   Watson Wyatt said  yesterday.


Watson Wyatt president and chief  executive officer John Haley said the government should act now rather than wait for the SSS to collapse.

                    [DatePublished] => 2002-06-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Business
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JOHN HALEY

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                    [ArticleID] => 166055
                    [Title] => SSS needs to raise contributions from members — US firm
                    [Summary] => Watson Wyatt Worlwide, a US consultancy  firm,  said yesterday   there is a need for the state-owned Social Security System (SSS) to increase its member-contribution   to avert  a  financial crisis in the next few years. 


"An actuarial valuation of the SS funds showed that the government-run pension  fund system would run out of funds by 2015 due to soured investments," a top  executive of   Watson Wyatt said  yesterday.


Watson Wyatt president and chief  executive officer John Haley said the government should act now rather than wait for the SSS to collapse.

                    [DatePublished] => 2002-06-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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abtest

SSS needs to raise contributions from members — US firm

June 26, 2002 - 12:00am

Watson Wyatt Worlwide, a US consultancy firm, said yesterday there is a need for the state-owned Social Security System (SSS) to increase its member-contribution to avert a financial crisis in the next few...

Business