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You know, all that makes me kind of happy that retirement funds and things like that are taken care of by our dearly beloved government, i.e. every month part of my pay-check is deducted automatically and goes towards pensions paid to today's retirees ("contract between the generations").
In theory, the sum of all deductions I pay determines how much money I will get per month when I retire. In reality, due to demographic change less workers have to finance pensions for more retired people - so retirement pays are going to shrink.
Good news: They cannot shrink to zero. Our Supreme Financial Court has ruled that retirement pays may not be nil because that would be expropriation. So I am looking forward to getting 1 EUR per month. Oh well, better than getting f----- by your own company bosses.
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... cried a voice in the crowd.
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