Isn't it irresponsible considering that they have a central bank, so they can raise rates? Otherwise it seems like an intentionally risky ponzi. (Pensions are a

Isn't it irresponsible considering that they have a central bank, so they can raise rates? Otherwise it seems like an intentionally risky ponzi. (Pensions are a Ponzi scheme by definition - but one that is (presumably (ha) ) ran responsibly)