Pensions are not paid by what the retiree paid in during their lifetime but by those who are earning and paying taxes and national insurance while the pensioner is drawing their pension. Current pensioners did not pay for their pension but for their parents’ pensions. In the UK “In 2008 there were 3.2 people of working age for every person of pensionable age. This ratio is projected to fall to 2.8 by 2033.” [1] With fewer workers for every pensioner pensions are clearly unsustainable and so should be reduced.  [1] ‘The ageing population’, parliament.uk,