Taxes pay these pensions. Taxes that citizens have paid for their whole working lives, with the understanding that they would benefit from that pension fund in their later years.
It's actually far closer to a "vacation", but not "sponsored by the government" -- closer to "that you've been saving for already for years."
It's actually far closer to a "vacation", but not "sponsored by the government" -- closer to "that you've been saving for already for years."