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 Fund mug.A house or apartment where two pensioners or more reside, where frequent parties, drinking and cooking is usally involved. Above-mentioned residencies are usually well maintained, level-floored and perfectly equipped.
Peter sold his house in the suburbs after retirering from the military and bought him and his wife a big ass pensioners pad.
by RJKIXS August 29, 2023
Get the Pensioners pad mug.When someone's actions are that soft that a pensioner's soft/runny stool holds more merit then their character and actions.
Worker A: Did you see old mate couldn't even lift a sandbag.
Worker B: Don't worry that cunt is as soft as a pensioner's turd, I have lost all hope with them.
Worker B: Don't worry that cunt is as soft as a pensioner's turd, I have lost all hope with them.
by Billy Hunt (aka silly cunt) January 2, 2021
Get the Soft as a pensioner's turd mug.A type of erotica, usually in the form of a romance novel or story, which to most under the age of sixty five, is just some lame smut, but to a pensioner, it is the sexiest thing since short legged drawers.
Harold: Hey Beth, did you hear that Jackie Collins wrote a new book?
Beth: Oh yeah Harold, she's my favourite pensioner porn author!
Beth: Oh yeah Harold, she's my favourite pensioner porn author!
by Johann Sebastian Snuff March 14, 2021
Get the pensioner porn mug.by mrs tosser September 20, 2025
Get the nigels dead mums pension book mug.A soulmate for you need. Will be there for you lifelong.
Its actually everything you need from a soulmate for life. It grows with time, fulfilling for your goals, is flexible also.
Low maintenance too.
No hidden surprises.
Doesn't take much, gives more in return.
What more do we want?
Its actually everything you need from a soulmate for life. It grows with time, fulfilling for your goals, is flexible also.
Low maintenance too.
No hidden surprises.
Doesn't take much, gives more in return.
What more do we want?
by Future Self November 23, 2021
Get the National Pension System mug.Person 1:"I hate autocorrect!"
Person 2:"why"
Person 3"He did a charnocks little pension."
Person 2:"unlucky man."
Person 2:"why"
Person 3"He did a charnocks little pension."
Person 2:"unlucky man."
by Malefallon November 23, 2021
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