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[Josemendez]

Which you prefer to work and retire in ; private institution or government institution, and why ?

I will prefer to work in government institution, where I will be opportuned to retire , and still be receiving pension unlike private companies where you will only be paid gratuity .

 

[Niftyicon]

I truly understand wanting to retire in a government institution however, there are private institutions who do quite well in their pension scheme for their employees. If I'm opportuned to choose, maybe I will prefer a private institution with substantial amount in gratuity. It's a bit tedious to choose.

 

[Josemendez]

I truly understand wanting to retire in a government institution however, there are private institutions who do quite well in their pension scheme for their employees. If I'm opportuned to choose, maybe I will prefer a private institution with substantial amount in gratuity. It's a bit tedious to choose.

This is new to me . never knew that private institutions also pay pension . am only aware that they pay gratuity but not pension . if indeed there is some that pays pension , that's good .

 

[Niftyicon]

This is new to me . never knew that private institutions also pay pension . am only aware that they pay gratuity but not pension . if indeed there is some that pays pension , that's good .

The pension scheme employed here is the one where a certain % of your income is being set aside monthly and managed by a financial institution in the active years and access to those funds is given whenever you want after retirement. Sometimes, I think from age 50 or 55 and above.

 

[Josemendez]

Many private institutions can pay off an employee, an amount which is thrice what government will pay.

True indeed , but after the payoff the person does not receive any form of help from the institution. In government institutions, outside pension , they are given the right to recommend people for work .

 

[Josemendez]

The pension scheme employed here is the one where a certain % of your income is being set aside monthly and managed by a financial institution in the active years and access to those funds is given whenever you want after retirement. Sometimes, I think from age 50 or 55 and above.

Oh! Then itbis not fully pension . well if the private institutions offers such opportunity, I think is applaudable.
However I still prefer government institutions to private institutions.

 

[Reznov]

i would personally retire in a government insitution, it has a lot of benefits, also you shouldn't care about the financial situation of the company as it's being financed by the governement unlike private ones

 

[Brain]

Which you prefer to work and retire in ; private institution or goment institution, and why ?

I will prefer to work in government institution, where I will be opportuned to retire , and still be receiving pension unlike private companies where you will only be paid gratuity .

Government institution is the best bet. You get paid better with other benefits and retirement comes with pension and all things being equal good amount of gratuity too

 

[Roysnickzz]

Sure, in terms of retirement benefits, up ninty five percent of the people will choose to work with the government over private organizations. For a government retiree, you are sure of monthly pension.

 

[Balint098]

Government institutions since they are more stable when it comes to retirement payments. Private institutions may cancel your payment or even misled you into something else.

 

[highspeed]

Well, my dear friend. Here in Italy, the problem of job and retirements, has been very serious for about twenty years!
Young people have difficulty having a job, they take what is offered to them (often underpaid! ? ).
On the contrary, a law (Legge Fornero / 2011) forces working people, to retire around the age of 70!
It's a big mess for almost everyone here. But I don't know in other Countries.
Anyway, my answer, would be an employee job, not in private institution, neither in government institution.
Thank you.

 

[Josemendez]

Well, my dear friend. Here in Italy, the problem of job and retirements, has been very serious for about twenty years!
Young people have difficulty having a job, they take what is offered to them (often underpaid! ? ).
On the contrary, a law (Legge Fornero / 2011) forces working people, to retire around the age of 70!
It's a big mess for almost everyone here. But I don't know in other Countries.
Anyway, my answer, would be an employee job, not in private institution, neither in government institution.
Thank you.

I do understand your point , everyone wants to be a boss of his own , however not everyone has the money for doing so .
Retiring at 70 years is not actually a bad thing , as by then the employee is no longer fully strong .

 

[Bushbaby7]

I think ordinarily, the private sector should have a lot more benefits than the public sector - the former usually offers better salaries, perks and pension BUT you have to earn it. It also offers better progression. The government, however, tends to be more secure - you could be a useless pen pusher, a deadwood of the highest order; but as long as you've served the government loyally and they've not sacked you up to that point, you're likely to enjoy a nice retirement package. What I don't like about working in the public sector are the stale business practices, the unaccountability and red tape, among others.

 

[Josemendez]

I think ordinarily, the private sector should have a lot more benefits than the public sector - the former usually offers better salaries, perks and pension BUT you have to earn it. It also offers better progression. The government, however, tends to be more secure - you could be a useless pen pusher, a deadwood of the highest order; but as long as you've served the government loyally and they've not sacked you up to that point, you're likely to enjoy a nice retirement package. What I don't like about working in the public sector are the stale business practices, the unaccountability and red tape, among others.

Quite true . in public sector there are alot of negligence to work , because there is no strict control measure put in place .
People get promoted with little effort

 

[SCAMEXPOSER]

Reference to labour activities in my country, private organization are well paid while active I'm service such that there entitlement is huge enough more than the government work and there are some private organization that still pay pension just like government does.

 

[Niftyicon]

I think ordinarily, the private sector should have a lot more benefits than the public sector - the former usually offers better salaries, perks and pension BUT you have to earn it. It also offers better progression. The government, however, tends to be more secure - you could be a useless pen pusher, a deadwood of the highest order; but as long as you've served the government loyally and they've not sacked you up to that point, you're likely to enjoy a nice retirement package. What I don't like about working in the public sector are the stale business practices, the unaccountability and red tape, among others.

You are absolutely right when you put into consideration how those in the private sector work so tirelessly while their counterparts in the public sector do less. Those in the private sector apart from earning more should also be able to enjoy good retirement benefits including pension.

 

[SCAMEXPOSER]

I truly understand wanting to retire in a government institution however, there are private institutions who do quite well in their pension scheme for their employees. If I'm opportuned to choose, maybe I will prefer a private institution with substantial amount in gratuity. It's a bit tedious to choose.

That's true but the number of private organizations offering such are very few but if they can brace up many people won't be eager to work in government agencies anymore.

 

[Wisdom01]

Not all government that even think of paying tension after finishing or retiring from work , I still prefer private companies because the gratuity can be enough to start a business after retirement

 

[Haruna]

Which you prefer to work and retire in ; private institution or government institution, and why ?

I will prefer to work in government institution, where I will be opportuned to retire , and still be receiving pension unlike private companies where you will only be paid gratuity .

I quite agree with you but my reason for going with government would be because many private organization are not trustworthy like that of the government. I'm living witness to a case of two persons who are currently retiree, one from private organization while the other from the government. Now the one from the private is yet to be paid his pension while that of the government had received his.

 

[Wisdom01]

I quite agree with you but my reason for going with government would be because many private organization are not trustworthy like that of the government. I'm living witness to a case of two persons who are currently retiree, one from private organization while the other from the government. Now the one from the private is yet to be paid his pension while that of the government had received his.

The person can sue the private companies if they don't pay his or her pension because there is already a written agreement between two parties ,but can you sue the government to court for unpaid pension