Should pension payments be increased for retired government workers?

A government pension is a fund into which a sum of money is added during the period in which a person is employed by the government. When the government employee retires they are able to receive periodic payments from the fund in order to support themselves. As the birth rate continues to fall and the life expectancy rises governments worldwide are predicting funding shortfalls for pensioners. Of the 500,000 people receiving pensions in 2015 47% of the wealthier recipients received reduced pensions and 18% lost access to all of their pension payments. 34% of lower income pensioners received an increase in their pension of $30 a fortnight. The pensioners who lost their payments were deemed to have at least $823,000 in assets (this did not include the value of a home).