>>136538as a crypto boomer with a pension i am contributing to i can answer this
a defined contribution pension means
0. i agree to give money in exchange for getting money with interest later
1. i give organization money every 2 weeks
2. organization invests my money
3. organization gets more money
4. organization gives me my money 25 years later
5. organization keeps extra money and assets they acquired using my money
we are both happy
social security is similar.
taking away a pension means i gave away my money, dr. shekelberg profited off of it for years, and then when im an old childless man because society failed to inculcate women with the idea that making babies is good, i dont have anyone to take care of me and no money so i die basically
besides, social security (old age security in canada) is like $1500 a month for the average boomoid, it basically just covers food and energy and insurance