What does the pension fund do with my salary deductions?

Question

Fintech

I wanted to know in more detail, maybe they invest in debt financial instruments or something like that

Answer 1

it’s as if you don’t live in Russia for the
third year in a row, the government passes a law on the withdrawal of citizens’ pension savings to the budget, that is, in fact, your money is spent on salaries to state employees.

Answer 2

It is available and issues in MFIs as loans to the population at 730 per annum.

Answer 3

South Park. "Eee... they don't exist. Your money doesn't exist"
video.bigmir.net/show/448164

Answer 4

See Yandex - "silent Pension Fund".