The State Pension Funding Gap

Re:The State Pension Funding Gap by ThrowawayR2 on Friday April 13, 2018 @11:40AM (#16831031)

> If we're going to be adults, we're also going to recognize that many of us were not adults when these contracts were drawn up and signed.

So are you okay with a future generation repudiating their contracts and obligations with you when you reach retirement age? After all, all of us are someday going to part of a "previous generation" and none of are so perfect that our generation has made no mistakes.

Why do so many people behave as if aging is something that only happens to other people?

[ Parent | on HN ]

Re:The State Pension Funding Gap by 1123581321 on Friday April 13, 2018 @01:30PM (#16832071)

That’s why defined contributions in individual accounts make sense. The promise is made good on a paycheck-by-paycheck basis instead of decades in the future. And the amount contributed has to make financial sense now, which eliminates the risk of inability to pay.

There are solutions that provide the benefits of retirement without pitting young against old.

[ Parent | on HN ]