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23 August 2014

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Great article, enjoyed the read... My take is that a pension scheme would play a big part in stimulating economic activity in PNG, especially in rural settings. But are we ready for it?

Funds might be abused, e.g, used up in feeding bad habits like drugs / alcohol like with some Aboriginals of Australia.

I think there is a lot more work to be done up front like you suggested, including a clear demonstration from the PNG government that they are free from corruption so citizens should follow suit with this scheme.

Otherwise, I believe the so called pension scheme or doll is subject to abuse - big time!

Trying to do too many things and not succeeding in any is less effective than doing one thing at a time and getting it right.

I am not convinced of the value of a pension, whereas supporting the informal sector is long overdue.

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