The Statistical Communiqué on Labor and Social Security Development in 2015, published recently by the Ministry of Human Resources and Social Security shows that the pension fund, which is of keen interest to the people was not in the red, but the growth in spending outstripping that of earnings.

Research team at ANBOUND Consulting is of the view that although the numerical figures are not in the red, in many provinces, the increased operating expenses are already overshadowing the revenue growth and in light of the deteriorating economic outlook, this problem will only get worse

Moreover, the nation has a huge population of 716.7 million civil servants, the bloated and inefficient civil services is putting huge stress on the pension fund.

This issue has long been criticized yet the Communiqué has failed to place sufficient emphasis on this issue.