it's a ponzi in structure but lets be honest, they've already put the pension age to almost 70 (in the UK at least) and how many people are really even physically and mentally capable of work past 55?
and then there is the question of where are all these jobs for 60 and 70 year olds?
next they'll just put it up to 75 and most people wont live long enough to get it and what else are they going to do?
btc is my pension plan personally, i wont be trusting or relying on the government to look after me