59 years, like Greece had. Doesn't work, not enough labour years. Pension funds a pyramid scheme, lol. Pension funds invest the money (not with high risk, but

59 years, like Greece had. Doesn't work, not enough labour years. Pension funds a pyramid scheme, lol. Pension funds invest the money (not with high risk, but they can take some risks cause of the long tail) so you get more back than if you would save the money on bank. Even more so today than when banks still provided interest. They are also legally bound to have a minimum percentage of the funds, which is close to 100% (but not 100% which is OK since not whole population reaches retirement at same time). Some people will claim they're better with investing and speculation. Great! Earn your bacon with it or make it your hobby for all I care. Some funny people will play the cryptocurrency game (no problem) and convince others to join the pyramid scheme (fuck that). Someone's always funding that as it is a zero sum game.