It's a great deal for the people receiving pensions now because they massively underpaid contributions compared to the total pension they'll receive.
> ...if it is so good, would you have all your contributions paid into the state pension? No.
Of course not, because our contributions now are really going to pay the pensions of current pensioners. We are paying for the previous generation.
> Brexit? Zero cost. Corruption? Zero cost.
What? Ok this is some weird humour!
It's a great deal for the people receiving pensions now because they massively underpaid contributions compared to the total pension they'll receive.
> ...if it is so good, would you have all your contributions paid into the state pension? No.
Of course not, because our contributions now are really going to pay the pensions of current pensioners. We are paying for the previous generation.
> Brexit? Zero cost. Corruption? Zero cost.
What? Ok this is some weird humour!