Additional inflation Adjustment, what are my chances?

MarkCarnage

Lowtrawler said:

This topic is going to become more pertinent as time goes on. Most DB schemes were closed to new membership over the past 20 years and so within the next 60 - 80 years these schemes will dwindle to a small number of pensioners. It is likely many of these schemes will have significant surpluses that could amount to millions per remaining pensioner. There could be a last man standing windfall to those pensioners.

Most will not run to the last member as standalone schemes, they will effect a buy out with an insurer, and any surplus would have to be distributed before then. 

Cobbler_tone

I am sure it is very fanciful but this thread did prompt me to write to the Trustees to request a discretionary rise in light of excess funding and the impact of RPI over the past three years.
It won't get me anywhere but I felt better for sending it. Getting proper militant in my old age. 

Like many other schemes, ours is slowly getting migrated to insurers as the numbers dwindle. 

FIREDreamer

pterri said:

Marcon said:

Lowtrawler said:

This topic is going to become more pertinent as time goes on. Most DB schemes were closed to new membership over the past 20 years and so within the next 60 - 80 years these schemes will dwindle to a small number of pensioners. It is likely many of these schemes will have significant surpluses that could amount to millions per remaining pensioner. There could be a last man standing windfall to those pensioners.

Highly unlikely. The schemes will have been bought out with an insurer long before that happens, with the surplus being returned to the sponsoring employer and/or used to augment benefits, depending on the rules of the scheme and the attitude of the employer (and trustees if they have a say - not all do).

Hoping to be amongst the last few dozen at  age112, buy a Ferrari to transport myself to the crematorium. 

Or buy an EV and cut out the middleman. 😂😂😂