Old Derrys Walls

[shaded]

We pensioners have a lot in-common with the youth of today,

1- we don't work

2- we are all on drugs

3- fact

Difference being most of todays pensioners have paid into the pot throughout their working lives,god knows what will happen in 20/30 years time when todays drug problem people start drawing their pension after very very little contribution into the pot,if they live that long

[noahrab]

Difference being most of todays pensioners have paid into the pot throughout their working lives,god knows what will happen in 20/30 years time when todays drug problem people start drawing their pension after very very little contribution into the pot,if they live that long

Their is no ‘pot’.

State pensions have always been paid out of current revenues.

[BCram]

Difference being most of todays pensioners have paid into the pot throughout their working lives,god knows what will happen in 20/30 years time when todays drug problem people start drawing their pension after very very little contribution into the pot,if they live that long

Think that is the problem. Not enough money has been collected. Governments have failed to fund pensions so that what is being offered today in pensions is having to pay the pensions for those already in receipt of pensions and what's left is being divided among the new pensioners. The rules have been changed. Private firms no longer offer final salary pension schemes, the state sector still has access to this, and it isn't being funded.