You are describing pensions. That's how pensions work, and have been working for... | Hacker News

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		manuelabeledo on Dec 13, 2021 \| parent \| context \| favorite \| on: California is the only state to hide its spending ... You are describing pensions. That's how pensions work, and have been working for decades now. Would creating a national pension system work better?

maxerickson on Dec 13, 2021 [–]

No, I'm making a particular point about public pensions. They should be fully funded during the vesting period or not exist, except maybe at the national level.

Note the "paid for" in "paid for in the future".

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