A couple of months ago, I was talking with one of my relatives about retirement. During this discussion the topic of a pension came up and our conversation sounded something like this:

Me - "I hate my pension, because I have to put in 7.7% of my income into my pension."

My Relative - "At least you have a pension. I wish I had a pension."

The conversation didn't go much farther, but this conversation made me wonder. Do people really still believe in pensions? I feel like throwing my money in a pension is a waste and I wish I could choose to deny those contributions.