They did not really work for us, but purposely built a pension system where they paid in about 10-13 % of their income towards the pensions, while reaching pension age between 60-65. That, and a public health sector that prioritises urgent care over preventative, meaning there’s insane queues for anyone who can wait as their health issues pile up – since they’re not in immediate risk of death. Most urgent care gets used by pensioners, leading to the budget not being enough for anything else.
My generation pays 24 % of all income as a pension contribution before all other taxes, pension age will be between 68-70 and the system still doesn’t have enough money and there’s pressure for increasing contributions even further. Still the current retirees have the audacity to complain if someone tells them they had it easier. The pension system was designed as an insurance, instead of everyone’s payments being invested. I have practically zero trust I’ll ever see a single cent of the money I put in.
Most of the ones responsible for actually building the welfare state are already dead, or close to dying. The ones I’m talking about are their children who chose to ignore all the problems they were presented with (like the ballooning costs of pensions and healthcare, and shrinking generations), and are now whining when the next generation doesn’t want to pay for all their mistakes.
The main reason I’m so fed up with the current retirees in Finland is, that there’s been insane amounts of austerity for years now – but the austerity measures never affect pensions as they’re treated as an earned benefit. Without any thought toward the fact that the first generations to actually “save” their pension in full (i.e. contributing enough) were those born in 60’s and 70’s, not the ones who are currently retired. Also the choices etc. are already taken into account, you don’t get a new liver if you’re an alcoholic and things like that.
They did not really work for us, but purposely built a pension system where they paid in about 10-13 % of their income towards the pensions, while reaching pension age between 60-65. That, and a public health sector that prioritises urgent care over preventative, meaning there’s insane queues for anyone who can wait as their health issues pile up – since they’re not in immediate risk of death. Most urgent care gets used by pensioners, leading to the budget not being enough for anything else.
My generation pays 24 % of all income as a pension contribution before all other taxes, pension age will be between 68-70 and the system still doesn’t have enough money and there’s pressure for increasing contributions even further. Still the current retirees have the audacity to complain if someone tells them they had it easier. The pension system was designed as an insurance, instead of everyone’s payments being invested. I have practically zero trust I’ll ever see a single cent of the money I put in.
Most of the ones responsible for actually building the welfare state are already dead, or close to dying. The ones I’m talking about are their children who chose to ignore all the problems they were presented with (like the ballooning costs of pensions and healthcare, and shrinking generations), and are now whining when the next generation doesn’t want to pay for all their mistakes.
The main reason I’m so fed up with the current retirees in Finland is, that there’s been insane amounts of austerity for years now – but the austerity measures never affect pensions as they’re treated as an earned benefit. Without any thought toward the fact that the first generations to actually “save” their pension in full (i.e. contributing enough) were those born in 60’s and 70’s, not the ones who are currently retired. Also the choices etc. are already taken into account, you don’t get a new liver if you’re an alcoholic and things like that.