Monday, 17 August 2009

Partial Pensions

One million more workers face poorer retirements

End of final-salary pension is no bad thing

In the real world of industry and commerce it has been clear for over 30 years that final salary schemes only provide significant benefit to those (directors apart) who are in a "job for life".
It is now clear that, real world, value-adding, profit-making, dividend-paying companies cannot afford them.
The 500 gorilla lb in the room: how does the economy pay for all the defined benefit pensions in the public sector? And which particular group has the best scheme as part of its "rations"?

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