This is also the case for Spain. Since I was a teenager (also in my 30s) it was a pretty common theme. Not only pensions, but pretty much everything is a scheme where yougnsters are doomed no matter what.

I remember my history teacher telling us about it and people saying they knew, and they also knew that they couldn't change it unless boomers were on board, which they weren't at the time, and definitely still in the same position.