Formula for sustainable Pension?

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For betterment of financial social security systems, there is a need of a simulator and formula which can arrive at Optimum contribution from employees and optimum benefit in life after retirement. The benefit should be safe against inflation in long term and against market conditions in short term.
 
Old Pension Scheme was stopped because it was loss making scheme
 
NPS, we are not sure if the benefits are safe against market conditions at the time of retirement.
 
EPS is for sure not adequate with limitation and may be loss making for full salary contribution.
 
401 (as per some yt videos) has also been a failure.
 
Even though India is one of the youngest nations, The old age population will double by 2050. It is still a question what scheme will ensure social security for so many old citizens.
 
Even in EPFO (as per annual reports), the number of claims (excluding final settlement) before 2016 were miniscule in number but it has jumped to thousands of times in just 6 years. Technical innovation has helped to ease process for giving benefit in time of need but is it not the same mistake like voluntary 401 option. It seems social security has become optional instead of mandatory. Is it a good thing?, only time will tell. Are Indian citizens financially literate enough to have optional social security?, only time will tell.
 
Some UX expert say that the people can not care about their older self and they can not relate to their older self. While they feel their current self and understand their thoughts. If they need 5000 now they will take 50000 from their old version and give their current self 5000. 
 
What would be a good strategy to make people connect with their older versions which will be in need of money and also which sustainable system will give them the confidence that it will save them from any contingencies that they may face in future? That is the ultimate question.
 
(This post content is not for those in top 1%)

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