Credit union shares and deposits at credit unions offer somewhat better returns than at banks, but deposits at credit unions are not yet insured, unlike bank deposits, which are protected up to a value of $ Retirement income is vulnerable to inflation The financial system does not serve the needs of retirees very well because pensions are not adjusted in line with inflation in the typical domestic scheme.
This may take some time to become operational. It must however be recognised that the system will function only to the extent timely and accurate information is made available and made use of. I understand that these are not happening both in providing information to CIBIL as well as making full use of the range of information available particularly for corporate credit.