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Spartacus I have no idea what Rodney actually meant, and neither do you. But its you who is placing great weight on it, which is very presumptious. UK company law deems it a criminal offence to trade when knowingly insolvent. It results in the directors being personally liable for an insolvent company's debts, hence they cease trading. The receipt of an actuarial valuation which shows the company to be insolvent is the end. Yes, in the UK there are compensation schemes, but these only kick in after the company has gone bust. You have clearly not been dealing with right professional advisors then. Sorry but you are way off mark. What percentage of those 10,000 to whom you refer are public sector workers? I can't see too many rank and time civil servants being within that 10,000. People's priorities need to change. Do they still go on holiday? How much do they spend in alcohol and cigarettes? Are those more important than saving for retirement? As I said earlier, we are not a nanny state. I agree with your last paragraph. The wastage from the public sector must be cut regardless. My point is that it will need to be cut by a lot more if the pension changes get blocked. It will be the overall net size of the public sector payroll, including pension contributions, which will get measured.