I hate pensions, i don't know how it works in other places but here in Italy a part of your taxes goes directly to INPS, that's the agency who takes care of pensions, and then you can get it back after you're 67, and you have at least 20 years of work, or at 63 if you have 38 years of work but you get less money, now my point is can't you save your own fucking money instead of having it taken away just receive t back in little pieces after you're 63?

People say: "well but then people would spend it and not save it and then they'd be old and without money" tough shit, they wasted it that's their responsibility i don't care.

Now as for the amount you receive it depends on how much taxes you paid, you take your annual earnings, subtract you "social security"(INPS) payments to that and then multiply by 33%, that's the amount you'll receive, note that it's less than the taxes you paid because SS taxes are subtracted before, then multiply it by 5% an that's your annual pension, if you live long enough you may get an amount close to what you've paid in taxes in your life, but it's only if you live long enough, and you'll be old as fuck so you won't be able to enjoy it as much as when you were young, plus there's the opportunity cost of what you could've done with it.

So bottom line is: the state should fuck off and let people manage their fucking money and if they fuck it up that's on them.