Potential Plan B idea

[expat]

You are missing the gigantic elephant in the room though - not only is there not the money to fund these public sector pension schemes in their current format, but there is no prospect of being able to fund them for at least a decade, probably longer. So they will simply have to be dealt with - and then the fun starts.

Excuse me but I didn't miss it, actually that was entirely my point. I do not believe that public sector pensions will ever be funded. They will indeed simply be dealt with from one year to the next. Taxpayers will pay current pension liabilities, cost what it may; as I said earlier:

Public sector pensions are unfunded, and therefore not subject to any fund's inability to cover the liabilities. They are paid from taxation, which is non-voluntary

[Sysman]

Not yet... and I wonder how many of the firms questioned are or soon will be nationalised.

That poses the interesting question of what could happen to the pension funds when a company is nationalised.