A system by which the government guarantees all employed persons in the entire nation will get a certain percentage of their income by the time they retire.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
This system has been fairly functional up until recently, with current demographic shifts making most current models unsustainable unless states increase the age at which a person may collect their pension.
This has effectively made most of these systems into a literal political time-bomb in the countries in which they have been implemented because the taxes that must be levied against individuals and the companies that employ them to pay for such funds has made it so that only the ultra wealthy or very well off can feasibly keep a private retirement fund, meaning that with every year the government increases the retirement age they are effectively forcing most of the population to work longer than they want to/are able to, which is shockingly very unpopular with voters.
Wealthy CEO: Oh boy I’m sure looking to retire at age 50 and leave my company to my son/daughter so they may do the same exact thing.
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
Average Employed Person: Damn it’s going to suck ass working until I’m 70 only to retire and have the National Pension Fund recipient age raised to 71
by Unquestionably Burdensome July 27, 2023
Get the National Pension Fundmug. Financial institution pretending to engage in high risk / high reward quantitative investment strategies but in fact trading on insider information to get ahead of the market.
"How did Joe afford that Lamborghini?"
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
"Oh, he works for a hench fund now. He's going to bed with the assistants of three different CFOs and using the information he gets that way to help his fund make out like bandits."
by nygeek August 30, 2012
Get the hench fundmug. by Traap dereck June 24, 2017
Get the trust fund ganstamug. n. A marital engagement under which the housing and living expenses of one fiance are covered by the other.
No matter how good your proposal is, she won't say 'yes' unless you agree to shack-up and make this a full-on funded engagement.
by Dkr. J February 23, 2018
Get the funded engagementmug. Not to be confused with grass money, this term refers to a separate financial account that a homeowner maintains to cover the costs of products/services to keep his shrubbery tidy and healthy.
Burglars tend to target properties with tall/dense shrubbery that they can crouch behind and hide, so you should always keep a healthy hedge fund to ensure that your bushes stay trimmed and transparent.
by QuacksO May 7, 2018
Get the hedge fundmug. by dimidium May 26, 2020
Get the funding chickenmug. by Eweezee December 16, 2007
Get the dumbel-fundedmug.