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GM Again I don't understand the point you are trying to make. The CARE scheme would mean employees receive a lot less pension, the contribution rate will then be slashed because the value of the projected liabilities will be much lower. So that would be a direct cut to salary expenditure. It is also proposed they will pay more into the scheme themselves so will have less disposable income available to save. They will also bear all the risks of the scheme and expect to live longer so will need to save more in order to protect themselves against old age poverty. The proposed solution to this problem gives them LESS money now and in retirement. How does that represent a solution? I'm sorry but I do not value your dismissive attitude towards the expertise of the actuaries. Your ideas are unsubstantiated conjecture, theirs is a professional expert opinion. It is funny that you are willing to share all these opinions claiming to be knowledgeable, however when the evidence crops up that the problem you are concerned about is being addressed suddenly you are claiming to know nothing.