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A comment on France comes to standstill livid workers protest plan to increase retirement age. Parent comment

Re:France comes to standstill livid workers protest plan to ... by mc32 on Tuesday March 07, 2023 @09:01PM (#35064236)
I think the population distribution by age band in the different eras would illustrate why there was enough money then and insufficient money now.

The premise wasn’t that you the worker would pay your own retirement but that you would pay for the current crop of retirees and then when you retire the younger age bands would be paying for your retirement.

If the worker would be funding their own retirements then they have to pay in a whole lot more.

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Re:France comes to standstill livid workers protest plan to ... by eweise on Tuesday March 07, 2023 @10:24PM (#35064836)
"If the worker would be funding their own retirements then they have to pay in a whole lot more."

What? That doesn't make any sense. If my social security contributions went into a bank account that was invested, I'd be way ahead of what social security will pay me.

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