It's not amazing for someone to pay 12-15% of their salary to a retirement fund for 40 years and then get paid from that after retirement. There's no fraud or cheating in that arrangement. The cheating came in when governments decided that the stock market was performing better than they had planned and so they started robbing their pension funds, calculating that the returns would cover their thievery. Their gamble turned out to be wrong and they got caught with their hands in the cookie jar No way in fuck are those politicians and corporate benefactors willing to eat the losses from their misdeeds, so they've been on the warpath to make the people who had their retirements stolen foot the bill.