Unfortunately not, and this is the problem. The average pensioner receives substantially more in pensions, health and other benefits than they contributed in tax/NI during their working lives. (Difficult to calculate but some estimates put the average difference at around £200K). The reasons for this underfunding are 1. the ‘contributions’ were not saved - they have already been spent and 2. the level of contribution was calculated when life expectancy was 65 and people died after short illnesses, rather than spending 20 years or more receiving pensions and increasingly expensive healthcare. The fact that we can’t afford the current pension arrangements is not a moral issue; it’s a mathematical one.