zlacker

>>rntn+(OP)
I always see the words pensions in civic deficit news. I'm early 30s and pensions are a concept that nobody my age or younger will ever benefit from yet is footing the bill for.

>>kyleho+mc
You’ve already benefited from them, by getting government services at a lower up front cost by acquiring labor with the promise of them on the backend.

(And, barring those promises not being fulfilled, plenty of people your age and younger have already been working in jobs that qualify them for pensions when they reach a certain age, or have a relative with such a pension with survivorship benefits, and will benefit from them as beneficiaries.)

>>dragon+zd
Most of today is the result of stealing from the future, and that strategy is running out of steam.

>>toomuc+de
Now financial instruments like pensions are stealing? In what way? Those workers worked for that pension. It’s funny how the top wealth owners have vacuumed up more and more wealth and you’re mad at the regular Joe working a 9-5.

>>ok_dad+Be
pensions are defined benefits. if they truly worked for that pension, it'd be defined contribution.

>>trgn+5g
I guess I didn’t work for my health insurance since it’s a benefit then? What kind of nonsense are you talking about, “they didn’t work for their pension”? Clearly I’m misunderstanding what you’re saying because that would be stupid as fuck to say pensioners didn’t work for a pension because of some technical definition? I don’t get it.

>>ok_dad+Oz4
I meant that pension payouts are a legal claim, and somewhar untethered from what the actual amounts an individual puts into it. You're guaranteed a benefit, until death. in practice thwt benefit is met by new younger contributors, higher taxes,...

You sense a pension is like insurance (a benefit, paid out because of legal contract) , and this burden by mathematical nexessity is carried unequally. Other people feel like it should be more like a return on prior investment, a burden carried individually.

I think both are complementary fwiw because both by themselves have drawbacks, different moral hazards