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GM 1. That's not a done deal at all. You don't know what the States will decide. I hope a compromise will be reached as the new proposals are sound but the ordinary workers should agree to the changes and that should involve fair compensation. The alternative is to keep the scheme as it is and defer any changes until the global financial crisis is over. 2. Contributions exceed benefit payments year on year. If you don't understand that is what I meant by "wash its face" you are being obtuse. 3. You are still confusing FRS17 basis with the actuarial figures the states use as their benchmark. How many times do I have to repeat myself before the penny will drop? The funding target has been consistent and approved, there is a funding surplus and the actuary recommended a REDUCTION in contributions. I suppose you think the actuary made an error too.
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