4 ms·
It's worth noting that the above doesn't relate to pension funds but the state pension. These aren't paid out from a pot but comes from general taxation, the s
by rossriley 10y ago
It's worth noting that the above doesn't relate to pension funds but the state pension.
These aren't paid out from a pot but comes from general taxation, the same as presumably a UBI system would.
- dragonwriter 10y agoState pensions are often paid out of a special pot, and not general government funds; in the US, for instance the Social Security Old Age and Survivors (OAS) Trust Fund.
- chaostheory 10y agoYes. The problem is that the government tends to take money out of that 'special pot' for general budget shortfalls. It doesn't help that projections for future pension payouts tend to be overly optimistic as well.
- exclusiv 10y agoThis and the fact that when state pensions were getting good returns - they setup guarantees which became liabilities of the state. However, when investments went the other way - the guarantees were still in place. So they get to have their cake and eat it too.