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Both something that doesn't exist, and also something you've mischaracterized. Pensions are delayed payments for work already done.
by gech 10y ago
Both something that doesn't exist, and also something you've mischaracterized. Pensions are delayed payments for work already done.
- DaiPlusPlus 10y agoDefined-benefit pension schemes are a problem because now, with the baby-boomers retiring, we're finding that we can't afford it. Many people can expect to live to 100 - that's 35 years of retirement after 45 years of employment when their employer probably only set-aside 10-15% of an employee's income for investment in the pension when it should have been 25-30% - so now the younger generations are paying for it - by using revenue generated from their activities to pay for the defined-benefit schemes which cuts into their salaries - and making them work longer years to make up for their own contributions.
- mathgeek 10y ago> Many people can expect to live to 100 Do we have an actual source for this yet? Anecdotally, I still see about 7 out of every 8 deaths in my social circles occurring before 90, with a notable number before 70.
- cnnsucks 10y ago>> Pensions are delayed payments for work already done. That's your view, not mine. Bankrupt governments are a fact for the both of us.