I may not have been clear. I meant to say that it is also a deferred salary. Whether the salary is paid immediately or later...
In the years when we were working, we had no choice: there was a pension plan and we had to pay into it. We were told that part of our salary was not paid to us directly, but that when we retired, it would be guaranteed, we would have a pension. But now look at what has happened. For the past five years, our pensions have been cut by between 30 and 58%, depending on the fund. That is an enormous amount, and we have to cope with it.