Pretty sure every protection or insurance fund, be it for pensions or bank deposits has limits on size and generally holds enough money to bail out one, maybe two failing institutions.

In case of a systemic failure I'd assume all such schemes to be basically tits up and "please central bank bail us out of our idiocy so we can continue to scam our customers". 

shado_op

Oh I'm sure they would bail them out. Everyone at working age has a pension plan. And most people would be content with it because they do not understand that bailout money ultimately comes from their own pockets anyway via debasement. 

0xIlmari

econ

How fiat will kill itself

SpaceHodler

There is also the question of whether the government will allow people's pensions to be wiped out due to a market drawdown, or bail them out with more money printing.