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No- pensions take money from you while you work, put it into savings (investments) and then use that money to pay you when you retire. A properly ran pension
by ensignavenger 10y ago
No- pensions take money from you while you work, put it into savings (investments) and then use that money to pay you when you retire. A properly ran pension fund is not dependent on current workers to pay current retirees, and if there were no current workers, there would still be money to pay retirees.
- mywittyname 10y agoUnfortunately, a significant number of pensions have large amounts of unfunded liabilities, which means they may end up bankrupt or convert into pay-as-you-go.