[somewhereoutth]

Quite possibly.

Another way to look at this is from the resource, instead of financial, perspective - the boomers will stop producing but will carry on consuming, this will put a burden on the rest of us (modulo automation and immigration from / offshoring to places with different demographic characteristics - crudely, robots and immigrants would be cleaning up after them). Financial engineering (i.e. pensions) ensures that they (mostly) will be looked after, instead of tossed on the scrap heap.