The pension funds I know all had average coverage well above 100% and took long-term measures to keep it sustainable.
I’m not sure yet whether to take the annuity or cash-out, it’s too many years ahead. For now, I’m paying in and might cash-out early if return gets less than what’s paid on a mortgage.
Couldn’t agree more! But unfortunately what you are describing is exactly what is happening in the 1st pillar (AHV), and even more so now that the people accepted a 13th payment. Ponzi, here we come!
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