Master of Science in Mechanics and Fluid mechanics,
Engineering degree in Advanced Technologies
Worked on large R&D European Projects with CO2 capture for Coal Power Plants.
Developing today innovative technologies within Adionics for Energy and Water desalination markets.
searching for innovative ideas to solve main problems (water, Energy, Financial...).
I love brainstorming.
Water desalination
Renewable energies
Energy efficiency
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A reply on Conversation: A conversation with Prudential: As people are living longer, how can we plan for a retirement that could last up to 30 years or more?
Not only the U.S Social Security system... The problem is common in most countries in the world.
Even here in France, which is known for its highly protective security system, classical solutions fail today and are really too expensive.
We have a system where working people pay for retired people but with 2 working persons for 1 retired one, it gets impossible to maintain good living standards for retired people having no other income.
The best solution will always be to save money during life and make it work on a global stage...
Hope this idea will spread around...
A comment on Conversation: A conversation with Prudential: As people are living longer, how can we plan for a retirement that could last up to 30 years or more?
Example : You start working at 23, born in 1990, and with people of the same age (or class of age - 20 to 25 yrs old), you place 5% of your earnings in a national insurance collecting money from people of similar age.
Year after year, the fund develops (by savings and interests from investments) until you get the age for retirement. If you do not get there, the money you have saved is redistributed to lower income people of similar age (solidarity procedure against job failure, life accidents, deseases...).
When retired, you get monthly money with amount dependent of overall population in that class of age and of what you have saved during your work life).
Statistics of death allows optimisation of the amount of money to be redistributed during retirement to allow the olders still get money from the fund until the persons of that class of age are all dead.
Each class of age has a different fund and is independant of the others. There is no direct financing of the retired persons by the working, younger people.
Such a system can be started at any time with the younger workers.
Interests of interests is very valuable above 30 years of savings.
Good for the economy, good for good level pensions when retired + Solidarity between people of same generation.