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0 pointsmgh9528d ago0 comments

> You seem to be quite confused about pensions, not only "old people" have pensions. Actually the vast majority of contributions to pensions funds come from people who aren't old at all and are actively employed.

This is exactly how pensions work: newer members to the defined benefits plan pay for older members. This isn't surprising.

> Where would they "scream"? On the internet? And who'd hear them? The answer is nobody in any PE cares about anyone screaming.

At the ballot box. There is a reason that public pensions are exempt from the PBGC reserve ratio requirements. People with pensions aggressively vote their interest.

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2 comments · 1 top-level

bigbadfeline28d ago· 1 in thread

> This is exactly how pensions work: newer members to the defined benefits plan pay for older members.

No, that's now how they work, if that was the case, there wouldn't be any need for PEs to buy and enshitify the assets we are talking about here. Your current description contradicts your previous comment.

I'm not going to explain it to you, there's enough information about the topic.

> At the ballot box.

We don't vote for PEs. And who we vote for makes no difference to them, these truths are so basic, it's a shame you don't know them.

mgh95OP28d ago

In practice this is exactly how they work, whether it was intended or not. Otherwise it would look a lot less like a defined benefits plan and more like a defined contribution plan.

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