On Monday, August 3, 2015 at 3:15:48 PM UTC-4, Ed Huntress wrote:


There are good explanations of how it works in various places,
including the SSA. Basically, it's never changed. It's the way most
pensions work, too, whether they're government or private-industry
accounts.

Congress changed the system for the U.S. Postal Service, and damned
near drove them broke. Nobody can pay for a whole generation ahead.

--
Ed Huntress

Bull****. Private industry is required to make payments into a pension account.
And this money is invested so that it increases. The government does not have any investments.

Dan