On 23/11/2017 00:50, Rod Speed wrote:


"Fredxxx" wrote in message
news
On 22/11/2017 22:07, Rod Speed wrote:

snip

Nope, just provided with what they have paid for while they were
working.

Except they haven't paid enough.

Irrelevant. Its not a pool system. The current
amount coming in is close to what is going out.

And in any case, the NI contribution rate, at 12% of earnings over a
working life, is comparable to any private funded pension scheme. Some
people pay into more than one scheme, plus 12% NI.