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Public tax that goes towards pensions, absolutely.
Private pensions are long term private investments and so don’t fund anyone else’s current or future pensions directly.
Soul-
Oh really? They don't fund other people's pensions right now? I didn't realise that. I still feel like the whole thing is going to fall apart. Our pension schemes are tied up in fossil fuels and other stuff that doesn't seem fantastically future proof. I'll be happy if in 25 years we have a halfway liveable planet.
hoefla
I'm kind of working on the assumption that I'm paying into a pension to pay the current pensions, but that it won't really exist when it's time for me to retire, or that retirement age will get further away, or that we'll have societal breakdown before then.