At least two national public pension funds are financially unstable
and may have to be bailed out by the Government, Finance and Economic
Affairs minister Mustafa Mkulo said yesterday.
The minister said the Government might be forced to use its own money
to rescue the social security funds that were already experiencing
financial difficulties.
Mr.
Mkulo appeared in The Citizen daily newspaper; Mr Mkulo said: "For your
information, even the PSPF and LAPF, which are regarded as social security
funds with high benefits, have already started to experience liquidity problems
and the Government may be forced to compensate for the losses resulting from
their financial problems"(The Citizen, 2009).
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