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Topic: Re:budget surplus went to 10m pension top-up.
Posted by: Guy Lambert
Date/Time: 15/03/15 23:02:00

From a brief look, the pension fund investments seem to be doing OK but there is still a huge deficit -around 400M - between the assets and liabilities (ie pensions which the council are legally obiged to pay) ://www.hounslow.gov.uk/pension_fund_annual_report_2014.pdf

This is not uncommon amongst pension schemes with 'defined benefits' because pensioners are living a lot longer than the schemes originally expected. If you add miserable interest rates and poor stock market performance, plus some technical issues to do with inflation that I don't really understand it means many schemes (including the private sector one to which I belong) are in serious deficit and are paying down the deficit over many years (in Hounslow's case this seems to be 17), with occasional lump sum contributions.


Entire Thread
TopicDate PostedPosted By
budget surplus went to 10m pension top-up.15/03/15 20:16:00 Mark Proctor
   Re:budget surplus went to 10m pension top-up.15/03/15 23:02:00 Guy Lambert
      Re:Re:budget surplus went to 10m pension top-up.15/03/15 23:16:00 Mark Proctor
         Re:Re:Re:budget surplus went to 10m pension top-up.16/03/15 09:51:00 Sam Hearn
         Re:Re:Re:budget surplus went to 10m pension top-up.16/03/15 09:51:00 Sam Hearn
            Re:Re:Re:Re:budget surplus went to 10m pension top-up.18/03/15 08:11:00 Andrew OSullivan
            Re:Re:Re:Re:budget surplus went to 10m pension top-up.18/03/15 08:15:00 Mark Proctor
               Re:Re:Re:Re:Re:budget surplus went to 10m pension top-up.18/03/15 10:39:00 Sam Hearn

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