yes

I don't know exactly about this fund, but every type of state pension system is.

You are robbed to pay those who receive it today, and in the future they will rob the younger ones to pay you.

the difference is that when a ponzi collapses, it does so because the mastermind has skipped town or has been arrested or has spent all the money (or both).

if the pension system or social security fails, it will be because of fiat money, a falling birth replacement rate, and it probably won't fail in the trad sense, just they'll increase the age, reduce the payout etc