Government Pensions are a Ponzi scheme where today's Civil Servants, Teachers, Nurses etc pay in
>> to the "Pension Scheme" and their money goes to those who are retired. i.e. There
>> is no Government pot of pension gold - just a promise to pay the pensions
>> of today's workers with money put in by people in the future.
Some but not all. If teachers are employed by local government then they'll have an actual pension fund. Pretty sure all council employees have an actual pension fund. Central government is as you say, I'm not sure there are any pension schemes for those employees.
|