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Spartacus My point entirely. Why should the States of Guernsey bail out a teacher in old age who has failed to accumulate any savings during his/her career and can't live off their final salary pension? Why should that becomes the state's responsibility? I accept the point entirely re lower earners, but..... But the States of Guernsey is only "not insolvent" because its a government, not a company. That doesn't mean that a scheme is affordable just because the employer seemingly has deep pockets. That government also has a duty towards all of its population, not just to its public sectors workers. It needs to be able to fund an education service and a health service for a start. Should those be allowed to suffer just so that middle-ranking civil servants can get an excessive pension scheme in their old age? Sorry, but that cannot be the States of Guernsey's priority, and it provides no incentive whatsoever for those public sector workers to take any responsibility for their own retirements. Re your last paragraph, two separate issues but inextricably linked.