They are told to pay into a broken pension system,
and why is that not changed? Because in DE only very very very slowly something changes, the healthcare system is another example where nothing changes. I live in AUS, where already in the mid-70s there was a two-track system for "saving" for old age, but back then it was not mandatory for everyone. Since 1992, Superannuation has been mandatory. Tolentino surely knows it. The system is simple, the employer must pay an additional 10.5% (currently) of the salary into a pension investment fund. You can choose the fund yourself (and also invest yourself wherever you want) or the one specified by the employer. So you are not tied to your employer. The government keeps "an eye" on these funds. You can also contribute yourself up to an annual limit (which saves you taxes). From age 60 you can access the money. From retirement age 67, a minimum of 5% of the accumulated amount. In times of Corona, the 2008 financial crisis, only half had to be withdrawn. As far as I know, Australia (in 4th place) belongs to the group of 7 countries that have 92% of all worldwide pension investment assets, Germany does not belong to this group. If the 5% is not sufficient, you can apply to the state for a partial state pension. The money for this comes from general tax revenues. Those who have never worked receive a state pension among other benefits. However, Australians traditionally have more homeownership than Germans.