This sounds like a great idea. We could call this system "Social Security."
And keep it separate from the general fund, and never borrow against it, and pay out only what is brought in, and allow those who pass on early to give their pension to their children. And best but not last put the entire cost of the fund on the pay check so employees know how much it costs for them to be employed. Wouldn't that be a great program?
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Saliva causes cancer, but only if swallowed in small amounts over a long period of time. -- George Carlin