zlacker

>>toomuc+(OP)
Why these pension plans needs to be so complicated? 8% from the employee, 15% from the employer. Paid to a separately managed fund each month. That's how its being done where I work.

>>dingi+5h
A true pension provides a guaranteed benefit in retirement (regardless of contributions). You get a certain amount of income, no matter what. So it is not based on the amount of contribution, but what you are given in a risk-free manner. That’s what makes it overly expensive and problematic - nothing is truly risk-free and such a generous benefit end up functioning more like a Ponzi scheme.