Actually, the point was to not have the public pension save up money. Instead, we're betting that future generations will pay through taxes. Note. Public pens

Actually, the point was to not have the public pension save up money. Instead, we're betting that future generations will pay through taxes. Note. Public pensions are tiny, so you'll still want a private pension that is invested in stocks. But both is fantastic, because you have diversified your pension into stocks (private pension) and humans (public pension).