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THAT makes more sense.

Don't know enough to really comment on it. Is South Africa in the early stages of a population boom like most of Africa is? If so, the only ones who are fucked are the ones who are paying those pensions today(I recommend leaving the country with your money while you still can if you're one of...

Not as bad as it could have been, actually. Pensions and social security system got completely changed 10 years later, and the fact that we were in a population boom then(between 1940 and 1980, Brazilian population grew from 41 to 121 million people) helped cushion most of the impact.

I'd have thought they would have had already pillaged the pension funds by now. Brazil did that in the late 1950's(breaking the pension system as it stood then), and one of the most desired posts for a politician here is the Administration Council of a pension fund of a big State-owned...