Switching to a funded model would involve making current taxpayers pay twice: once to fund existing pensioners and again to fund their own pensions.

倘若转换至基金模式，将牵扯到让现有纳税人重复支付的问题：一份支付现有的养老金基金，另一份为自己的养老金支付。

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Switching and redemption may be subject to fees and charges. for details, please refer to the offering documents principal brochure of the respective fund or plan.

调配或提取资产或需征收收费及费用，详情请参阅有关基金与计划之销售说明文件及产品销售说明书。

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For example, American mutual-fund investors are switching from international equities into domestic bond funds.

ECONOMIST: Profits, for a change

For many parents used to nearly unlimited switching in traditional mutual fund families, this may not be sufficient.

FORBES: Bloom's Off The 529 Rose

The idea that fund managers should improve their performance by switching to investments offering better risk-adjusted returns may seem obvious.

ECONOMIST: The trouble with getting old