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This is not even social security. This is a private pension. Theoretically, the money is invested and you'll make a nice profit on it. In practice, the only one
by Aaargh20318 10y ago
This is not even social security. This is a private pension. Theoretically, the money is invested and you'll make a nice profit on it. In practice, the only one who's making money off it are the insurance companies.
My pension fund is actually worth less than the amount I paid into it, because all the intermediaries want a cut for their 'services' (whatever those may be). It's like being legally required to flush money down the drain.
- madgar 10y agoI know the difference between pensions and social security. I also know that some of the commenters in this thread are talking about pensions without distinguishing between public and private pensions. I also know that there is an enormous amount of capital in the form of public pensions and that public pensions are often invested with relatively few restrictions compared to private pensions. (At least in the US?)