Retirement pensions (in government) were more like something in a Rico case. Most should never been allowed since they were way more than what the taxpayer who pays this can get themselves in real life.
Secondly, no one should rely on interest for a pension. They should have only quoted contributions and let any interest be an unexpected bonus.
These days the only way to make money is in a pay check.
“Secondly, no one should rely on interest for a pension. They should have only quoted contributions and let any interest be an unexpected bonus.”
Ridiculous. Without government manipulation, interest is naturally expected, and an essential part of our whole financial system.