The budget of the UniSuper Australian Pension Fund, which has more than 615,000 clients (members), is $135 billion. UniSuper was created in October 2000 as a result of the merger of the Australian Universities Scholarship Program (SSAU) and the Higher Education Scholarship Program (TESS). It is a non-profit company with 37 Australian universities as shareholders. It was just an example of an independent social security Fund in a country with a...

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