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If this post contains material that is offensive, inappropriate, illegal, or is a personal attack towards yourself, please report it using the form at the end of this page.
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From "The End of Britain":
"Since public pensions were first introduced, average life expectancy has grown from 48 to 80 - a 67% increase. But the age at which we retire has remained essentially the same.
This has resulted in an estimated £5 trillion worth of pension promises the state has made to its citizens - roughly five times what our entire economy is worth. No one has any idea how we'll pay these. The recent attempts by the government to change the retirement age don't go anywhere near solving the problem."
So were private pension funds a scam on the part of the government to transfer pension obligations to companies?
Have we seen in the Dover Harbour Board pension-pot dilemma a real-time example of this?
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