> since pensions work only if the Company or Union is growing and people are there to pay into it. Only true if it's a "pay-as-you-go" systems: * https://en.w

> since pensions work only if the Company or Union is growing and people are there to pay into it. Only true if it's a "pay-as-you-go" systems: * https://en.wikipedia.org/wiki/Pay-as-you-go_pension_plan https://en.wikipedia.org/wiki/Pay-as-you-go_pension_plan Canada's public pension (CPP) used to be this way (like US SS), but was changed in the 1990s and uses investment returns in addition to contributions: * https://en.wikipedia.org/wiki/Canada_Pension_Plan#1996_reforms https://en.wikipedia.org/wiki/Canada_Pension_Plan#1996_refor... It is possible to have a practical fund without new contributions. It is after all how the "4% rule" works with private retirement accounts: * https://en.wikipedia.org/wiki/Trinity_study https://en.wikipedia.org/wiki/Trinity_study * https://en.wikipedia.org/wiki/Retirement_spend-down https://en.wikipedia.org/wiki/Retirement_spend-down You stop contributing at (e.g.) 65 and you can coast on the holdings without putting new money into account.