TheRealMafoo on 27 March 2009
| That Guy said: i don't see the real difference between "private non profit" and "government" in this case. If its regulated by the government, then what's the diff? I take it if the government gives the income tax to this private entity, then it also gets a say in who runs it. |
I look at it the same way I look at corporate retirement. Most companies hire an outside firm to handle there pensions (might be all, not sure if it's a law or not).
The reason for this is so your pension is not controlled by the same people you work for. Your company can't steal from the till so to speak. Also, if your company goes belly up, your pension is not effected.
It's a good way to keep government out of the pot.
