We have that here for a long time now and my idea of this is basically a Ponzi scheme. When you start having old people live longer, retire earlier and not enough young people to support the system, it all collapses. Our own system is already in really bad shape and the government had to increase the minimum age at which you can retire in order to adjust things.
How is superannuation (I'm assuming you mean the Australian version) a Ponzi scheme? People have to put their own money into Super plus employers make a mandatory contribution. Super is different to retirement benefits (which are tax payer funded) and really the only thing saving the system from collapse.
