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December 08, 2005
Pension Deficits
Our company, like I guess, and read, many others, is in the process of working out how best to plug it's MASSIVE pension deficit (~ £2.4billion, give or take the odd £50million). And, after lots and lots of discussion, it appears they've reached an agreement.
Looking at the figures, I'm likely to live until I'm 90, and have to work an extra 2 years or so to make sure what I'd have had at the start of this year will still be there in 37 years time. Hmmmm, kinda long way off ain't it?
Of course, I'm in 2 minds as to whether investing in the pension scheme is still worth it. Lets face it, by the time I've retired the whole world will have changed, never mind pensions provision. But, I can guess there's a few reading this who'd soon be pointing out that I owe it to my elders. "The wise and old long live they do", as a character from a recent DVD I watched on Sunday may say (ta Carl ...
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Posted by alan at December 8, 2005 07:40 PM
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