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USS proposed pension changes.

Comments

hyubh Posts: 3,733 Forumite

6 August 2014 at 8:02AM

Moneyer wrote: »

If the scheme is reliant on future contributions to meet existing liabilities, the rationale for expanding membership seems painfully clear. The word "pyramid" springs unfortunately to mind….

CARE section membership effectively subsidised mounting FS section liabilities; new members entered the CARE section.

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kidmugsy Posts: 12,709 Forumite

6 August 2014 at 9:26AM

hyubh wrote: »

CARE section membership effectively subsidised mounting FS section liabilities; new members entered the CARE section.

Yes, but we were discussing the massive growth in membership, much of which happened before there was a CARE section.

Free the dunston one next time too.
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