On 05/02/2018 20:40, Brian Reay wrote:
On 05/02/2018 18:27, Fredxx wrote:
On 05/02/2018 18:01, Harry Bloomfield wrote:
Dave Plowman (News) was thinking very hard :
Thought you said you get a pension?

That is hardly the same thing at all, now is it?

It is very much the same thing. The state fund is empty, those who
work pay your pension.


The 'state fund' has ALWAYS been empty for the simple reason it never
existed.

Pension funds exist for workers in the State Sector- lots of different
ones. Contrary to popular belief they aren't all 'free' either. Some
have done very well and aren't in the mess funds like BT are, far from it.

I don't think any of the pension funds are big enough to meet their
liabilities if the workers stop paying in.

They do have the advantage of being bailed out by the government if the
workers do stop paying.