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A query about DB pensions...
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Marcon said:
That's certainly not what would happen in the UK - and this is a UK board, so I think focussing on the UK position is probably helpful to the vast majority of users of this board (although always interesting to know what happens elsewhere!).bostonerimus said:As people say...it depends.
My DB plan is run by a US state. Its liabilities are 72% funded, but backed by the state. If the pension fund ever closes, once all the liabilities are met the state would take what was left, but right now it would have to put money into the fund to meet all the liabilities.
Presumably one has to hope in that case that the state doesn't declare bankrupcy!
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