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Topic: Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts
Posted by: Guy Lambert
Date/Time: 05/12/14 09:21:00

I'm not sure what the figures are but defined benefit pensions in whatever sector have hit a perfect storm over the last few years, which is why so many employers are abandoning them.
Most private sector employers with these schemes suddenly found themselves with huge deficits because of a combination of increased life expectancy, poor bond yields, flatlining stock exchange, changes in actuarial assumptions and tax changes. We didn't express it in % of salary but my (private sector) employer, having pootled along for years at 5-10% contributions to go with my 5%, suddenly found that a comfortable surplus had become a multi-million pound deficit. They have been paying it down for several years at a rate which I suspect is a very high % of salary.
Meanwhile the number of Hounslow employees on over 100K has come down nearly 50% since 2010, from 14 to 8, but why spoil a good story with facts.

Entire Thread
TopicDate PostedPosted By
Council cuts03/12/14 11:09:00 Thomas Barry
   Re:Council cuts03/12/14 11:22:00 Michael Moran
   Re:Council cuts03/12/14 12:17:00 Ken Munn
      Re:Re:Council cuts03/12/14 12:21:00 John Connelly
         Business rate 03/12/14 12:45:00 John Todd
            Re:Business rate 03/12/14 13:34:00 John Connelly
   Re:Council cuts03/12/14 13:16:00 Adrian Irving
      Re:Re:Council cuts03/12/14 16:08:00 Andrew OSullivan
         Re:Re:Re:Council cuts03/12/14 16:32:00 David McLoughlin
            Re:Re:Re:Re:Council cuts04/12/14 09:47:00 Andrew OSullivan
               Re:Re:Re:Re:Re:Council cuts04/12/14 10:06:00 David McLoughlin
               Re:Re:Re:Re:Re:Council cuts04/12/14 13:00:00 Steve Taylor
                  Re:Re:Re:Re:Re:Re:Council cuts05/12/14 08:19:00 Andrew OSullivan
         Re:Re:Re:Council cuts03/12/14 16:35:00 Richard Greenhough
            Re:Re:Re:Re:Council cuts03/12/14 16:44:00 Jeni Evans
               Re:Re:Re:Re:Re:Council cuts03/12/14 17:25:00 Richard Greenhough
                  Re:Re:Re:Re:Re:Re:Council cuts03/12/14 21:14:00 Steve Taylor
                     Re:Re:Re:Re:Re:Re:Re:Council cuts04/12/14 09:43:00 Richard Greenhough
                        Re:Re:Re:Re:Re:Re:Re:Re:Council cuts04/12/14 14:03:00 Adam Beamish
                           Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 08:50:00 Julian Pavey
                              Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 09:21:00 Guy Lambert
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 10:44:00 Francis Rowe
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 13:00:00 David McLoughlin
                                    LBH. Consultants05/12/14 13:02:00 John Todd
                                       Re:LBH. Consultants05/12/14 13:29:00 Dave William
                                          Re:Re:LBH. Consultants05/12/14 14:10:00 Steve Taylor
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 13:56:00 Steve Taylor
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 14:24:00 Guy Lambert
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 19:45:00 Richard Greenhough
                                 Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Council cuts05/12/14 14:04:00 Steve Taylor
                              Re:Re:Council cuts05/12/14 14:24:00 Steve Taylor
                                 Re:Re:Re:Council cuts05/12/14 14:31:00 John Connelly
                                    Re:Re:Re:Re:Council cuts05/12/14 14:37:00 Paul Allen

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