Only three in ten Costa Rican workers have savings for retirement

The majority of Costa Rican workers – a whopping 70 percent – do not have any pension savings or assets to live on upon their retirement, according to a study released by the Costa Rican Banking Association (ABC) last week.
ABC officials said they are concerned with these results because, under Costa Rican law, workers contribute to a mixed pension system. That means that the national pension system depends on both contributions from mandatory salary deductions, and

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