National Grid Final Salary DB Scheme

kidmugsy

chainsaw wrote: »

the valuation has gone up 1.8 billion so there should be no problem

That's cobblers. If the liabilities have gone up too the scheme may be in a worse state.

chainsaw wrote: »

t
I return to my point several decades ago we were told we never needed to pay another penny into the scheme there was so much money in it but we paid in anyway and now there is a short fall. I don't believe it

Then you need to explain by what miracle the same fate has befallen scheme after scheme. The trouble is you don't understand what you are talking about.

atush

kidmugsy wrote: »

Yeah; the sneer at the executives was perfectly fair but perfectly irrelevant.

Sorry but that was no sneer- if anything our family should feel more afilliation with the executives (as my OH is one) but in his company (at the time of my posting) he was paying into a scheme at the same rate as the most lowly paid, with nothing extra from the employer (the only extra being our extra voluntary contribs).

In his current company, employees have a scheme and executives do NOT, so he has to have a PP instead.

chainsaw

kidmugsy wrote: »

That's cobblers. If the liabilities have gone up too the scheme may be in a worse state.



Then you need to explain by what miracle the same fate has befallen scheme after scheme. The trouble is you don't understand what you are talking about.

But the liabilities have not gone up as much and the other schemes have suffered much worse fates ours is doing OK. As for me not understanding what I am talking about............. No need to argue that one because I don't need to understand it. The "experts" who are supposed to understand it just need to do their job and deliver what they promised, thats why they are paid so much. I will accept they cannot predict that a company might dip into to fund or use it to enhance redundancies

http://news.bbc.co.uk/1/hi/business/1259316.stm

But then if they do that then that is why they have to top the scheme up later.

chainsaw

Then you need to explain by what miracle the same fate has befallen scheme after scheme. The trouble is you don't understand what you are talking about.[/QUOTE]


And even now when the pension is supposedly in trouble I see management allowed to leave the company taking their pensions at 50.