The scale of the unfunded pension liabilities globally is almost incomprehensible. Hundreds of millions of people around the world expecting to retire comfortably will see their pensions worth pennies...
Here in Finland, employees contribute 7-9% of their salary to "pension funds" and employers contribute 17-18%. That's 25% of the salary into this disastrous ponzi scheme. Everyone knows they are royally screwed, yet they do nothing. The government just sneakily raises the retirement age by 3 months here and there...
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