| JamesDragonrider | Friday, February 16, 2024 - 09:28 pm 
Currently the pensions fund pays out 60% of the interest the fund earns.
The way it should work would be someone pays in for 40 years, then draws out their principal with interest, over the remainder of their life.
Supposing they work from 25 to 65, then are retired from 65-105, they would draw out at the rate they paid in, plus interest accumulated.
This would be 2.5% of the fund per year, or about 0.2% per month.
Currently the pay out rate is 0.006% per month.
I'm sure all of those pensioners could use their hard earned money in their retirement years.
On my current country, with 8 trillion in the fund, that would look like:
8T / 40 = 200B / year or about 16.7B per month.
With 2M pensioners, that would leave them with about 8.3k per month each.
Current system pays them 17 per month. |
