On Sun, 1 Nov 2015 22:54:46 +0000, dennis@home
wrote:

On 01/11/2015 22:41, Tim Streater wrote:
In article , Vir
Campestris wrote:

On 29/10/2015 22:45, dennis@home wrote:


What makes you think a final salary pension isn't funded in the same way
as a personal pension?

These days most final salary pensions are public sector. They hope
there will be enough tax income to pay them. As the lawmakers (MPs)
are beneficiaries of these schemes it seems likely there will be.

So it's a scam then.


Mine is not funded by tax.

Neither is mine. I'm retired from a university and am receiving a final
salary pension from the Universities Superannuation Scheme. That final
salary pension plan has been closed to new entrants. There is now a plan
in which the amount of the pension is calculated on the basis of salary
during all years of membership, not just the final year (or few years).

In both cases the pensions are paid from the scheme's funds which are
invested. The funds come from the members' contributions (deductions
from salary) before retirement and the parallel contributions from the
employers.

--
Peter Duncanson
(in uk.tech.digital-tv)