I don't know how it works in other countries but I paid into the UK government pension scheme for 43 years and into my own private pension fund for at least twenty years. That money was invested (I had no say in it) and, assuming that it was invested wisely, should pay me minimum wage until I'm 100. In other words, the government and the private pension company are paying me back the capital that I lent them plus interest, which obviously should be less than the profits they made by investing my money. If they invested unwisely, and/or allowed someone to steal part of my capital, that's not my fault.
If your country is like mine, the pension funds have been making promises they can't keep for decades, and the solution they found to keep the ponzi scheme going was mass immigration (i.e., more people paying in so they can keep meeting their obligations for a few more years).
I don't know how it works in other countries but I paid into the UK government pension scheme for 43 years and into my own private pension fund for at least twenty years. That money was invested (I had no say in it) and, assuming that it was invested wisely, should pay me minimum wage until I'm 100. In other words, the government and the private pension company are paying me back the capital that I lent them plus interest, which obviously should be less than the profits they made by investing my money. If they invested unwisely, and/or allowed someone to steal part of my capital, that's not my fault.
If your country is like mine, the pension funds have been making promises they can't keep for decades, and the solution they found to keep the ponzi scheme going was mass immigration (i.e., more people paying in so they can keep meeting their obligations for a few more years).