> But sadly it’s not some evil dudes at the top doing this transfer, the market force behind it is because we promised old people way too aggressive paychecks when they retired.

You seem to be quite confused about pensions, not only "old people" have pensions. Actually the vast majority of contributions to pensions funds come from people who aren't old at all and are actively employed.

> If they do not have the higher PE returns, they basically go out if cash in 10 years and everyone would scream bloody murder.

Where would they "scream"? On the internet? And who'd hear them? The answer is nobody in any PE cares about anyone screaming.

PE's operations have nothing to do with screaming old people, that viewpoint simply avoids the real issues and replaces them with red herring age baiting.

> You seem to be quite confused about pensions, not only "old people" have pensions. Actually the vast majority of contributions to pensions funds come from people who aren't old at all and are actively employed.

This is exactly how pensions work: newer members to the defined benefits plan pay for older members. This isn't surprising.

> Where would they "scream"? On the internet? And who'd hear them? The answer is nobody in any PE cares about anyone screaming.

At the ballot box. There is a reason that public pensions are exempt from the PBGC reserve ratio requirements. People with pensions aggressively vote their interest.