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USS proposed pension changes.

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  • hyubh
    hyubh Posts: 3,723 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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.
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    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.
This discussion has been closed.
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