Paying the pension bills of retired Government employees has become a significant burden on Governments of developing countries. The situation is becoming very painful for Governments because of the increasing life expectancy of retired Government employees. Very little money is left for building/maintaining tangible assets after paying for the pensions.
It's better to stop the promise of future Pension payments to current employees while increasing their current salary to compensate.
Australian superannuation model is the best, and these Governments should emulate it.
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