Short excerpt from a YouTube video (by Ndubuisi 'Andy' Egwim) arguing that NHS pensions will be insufficient for many future retirees because the pension 'pot' must grow at a rate higher than current/assumed growth to fund payouts; speakers suggest current/future retirees may need to work much longer and that recent retirees are likely the last to receive generous pensions.
NNHS pension is not enough.
I don't think we realize the low level of pensions we're gonna get. Just mathematically speaking, it just doesn't add up at all. Oh, okay. So you're gonna have to either get into a job where you can work pretty much up until you die. So people retiring now are probably the last few who would get a good pension.
Yeah. Why? Why? And why is that?
It's because the pot that we put on the side, it has to grow to a. With a certain growth rate.
Okay.
Pay for everyone's pension.
Okay.
And unfortunately, the growth rate at which it increases is lower than what is.
Needed to.
Meet the demand.
