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Old 29th Jul 2021, 10:47
  #2014 (permalink)  
hid3
 
Join Date: Aug 2018
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Pension savings? You must be either kidding (I hope so) or very naive. There won't be any "savings" paid out what you "saved". It turns out to be a scam in most cases, besides, value of money decreases. When I was born my parents opened a "child's insurance account" and were paying voluntarily about 10-15 roubles per month at that time, which was quite siginificant amount of money back then. Later, Soviet Union collapsed, they continued paying. Indeed, when I turned 18, the "insurance" paid out the money, which was a total sum of 220 Lt (Litas, national currency) back then. This is equivalent to 63.71 € according to official conversion rate. How I used this amount of money, you wonder? I paid for pizza's and my coca-cola at a cafe where we were celebrating the day of school diploma.

Moral of the story - learn to save yourself and don't trust anyone regarding your money.

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