Gilthead That makes far more sense. Its the way forward that I was advocating before the CARE scheme proposals were announced, which I maintain do not go anywhere near far enough. Spartacus Your question of "how many countries have changed their public sector schemes to DC schemes" is an irrelevant one. About 70% of the world's leading economies are technically bust, with completely unmanageable public sector schemes, which in fact are usually unfunded. The only way that they can still operate, without "doing a Greece", is because they can still issue their own new government bonds, as well as their own additional currency, to borrow their way out of trouble in meeting their commitments. Guernsey does not have those same options, and so we simply have to cut our cloth accordingly. That's why its not fatal for the UK to be bust, which it technically is by any measurement, but its why it would be Armageddon for Guernsey to go bust. We would lose our independence from the UK immediately if they had to bail us out. Unfortunately, Rodney Benjamin (who one minute you seem to slate, but in the next minute you give credence to) did not elaborate on his comments. It would have been very helpful if he had. I strongly suspect he just meant that people will not put enough away into their pension schemes to properly fund their retirements, as they will under-estimate the amount that they need to contribute and end up running short. He'd probably be right, but it isn't the job of the State to interfere with that.
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
