Claim: People should get much higher state pensions because both employees and employers paid into them, and with interest, that should generate millions in income for pensioners when they retire.
Fact-check: Viral pensions post has its maths all wrong - Full Fact
Verdict: this is a fundamental misunderstanding of how state pensions work. national insurance contributions paid by employees and employers essentially fund that year's state pensions, plus some other benefits. private pensions are invested and generate income.
Organisation: Full Fact
Author: Grace Rahman
Date published: 2022-04-20T00:00:00