This racket is divided into two distinct operations: one is called the National Insurance scheme and the other is usually referred to as the public sector pension scheme. The National Insurance scheme has remarkable affinities with the Ponzi mechanism. That is to say, the participants seem on the surface to be investing money that will ultimately pay for their future (state) pension. In fact, however, you will not be receiving a return on your investment during 40 years of dutiful contributions while in employment. Instead you will get money - at the rate, currently, of a measly £90 a week - that is simply what the government is prepared to release out of the inflow from newer contributors to the scheme.
http://www.timesonline.co.uk/tol/comment/columnists/dominic_lawson/article5780663.ece
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