Wrong on all counts eh Spratacus? Only wrong if you live in La La land. GM - I should have said closed to new contributions and not closed. As you may know many firms with DB schemes have frozen those plans and transferred employees onto DC schemes. One company I know well has "closed" it's DB scheme and frozen it's liabilites (to a point) by defining each employees entitlement as of point X. That liability will remain constant and will of course tail off over decades as people die. The benefits accrued under DB are not transferable What I'm suggesting is something similar for the CS pension scheme. The huge hit is deferred over decades. I could work this out (a goer or not) but would need access to the actuarial figures.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
