A pension invests the money into stocks, bonds, etc. It doesn’t just pay out more than you put in using incoming cash. Owning land is not a ponzi because you a

A pension invests the money into stocks, bonds, etc. It doesn’t just pay out more than you put in using incoming cash. Owning land is not a ponzi because you actually own something. It would be ponzi if someone told you that you were invested in land but they had actually just pocketed your cash and used other investors’ buy-ins to pay you.