The Reserve Bank will take appropriate decision on the recommendations based on the comments received. I sincerely hope that I have done a good job if I have clarified the rationale and philosophy behind the recommendations of the working group. I value your feedback and wish the round table all success. BIS central bankers’ speeches  11
For those who are older, however, the cutbacks in payments will weigh more heavily. The promotion of private old-age pension provisions nevertheless entails considerable burdens for the public sector budgets. Furthermore, what is known as the “Riester pension” has been constricted by a set of fairly tight regulations.