Devonboy
Member
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They won’t be funded after this!
It's only as good as its trustees, who are meant to ensure it can meet all current and future obligations to members. The employer would have to bail it out in the last resort.
Any scheme falling into deficit will have to rely on the company coming to the rescue if necessary. That is a cause for concern in these times.
Wattie.......your glee at the end of the world is evident....but pension transfer suggestions? Really? Unlike you, I can’t see ahead 10years, but I am the world expert on me. Nobody knows more about me, than me. I can’t even predict what I will be doing in 6months time let alone 5 years.....ps a whole load of scheme members dying from the pandemic could also help with the underfunding.....