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> Why there isn't enough money in the system I don't know. If it's anything like most countries, because the generation currently drawing a pension never paid
by rodgerd 11y ago
> Why there isn't enough money in the system I don't know.
If it's anything like most countries, because the generation currently drawing a pension never paid in remotely enough in taxes to cover it.
- vetinari 11y agoThe sad thing is, that they probably paid enough, when considering purchase-power-parity over the decades. It is just the inflation that destroyed the savings. It does not matter, whether the government is running the fund or whether it is privately owned, the result will be the same.