The current pension system is broken, flawed and outdated. There are just so many anomalies in the system that a person can be expected to work well into their 70s just to keep food on their table because of companies not having pension policies or adequate care for their long-term employees.
In place of pensions, companies’ advice employees to open up retirement accounts; this basically suggests that employees should manage their own retirement funds, often times without help from their employers. Once an employee reaches a retirement age, these accounts are used to supplement what Social Security might pay.
Employers and employees contribute a percentage of their own salary (knowingly or unknowingly, depending on a company’s pension policy) throughout their career, and upon retirement, the pension is supped to pay a fixed amount monthly.
Boston College estimates that 1,400 multi-employer plans are facing a close to $550 Billion dollar shortfall, and is expected to fail.
The Akropolis program provides a productive gateway between both specific users and institutional pension money, and the account/asset professionals who traditionally supervised pension ventures. The finance/asset manager's carry out on the machine is enforced through lots of incentive systems to acquire an optimal final result for all individuals.
At the end of the day; with so many impractical solutions on the market, Akropolis is taking initiative to help improve and reimagine the pension system for companies and individuals, a step that helps improve countless lives.
For more information about the Akropolis Platform, please visit the following:
Website: https://akropolis.io/
Whitepapers: https://link.akropolis.io/whitepaper
Twitter: https://twitter.com/akropolisio
Telegram: https://t.me/akropolis_official
