Threat to final-salary pensions

#1
Looks like final salary pensions are on the way out with firms unable to sustain payments in this (probably short lived) financial crisis. Do any pay gurus out there know if this is likely to affect public sector pensions, in particular ours? If so can they do anything to those already members, in particular if past retirement age but still serving?



http://news.bbc.co.uk/2/hi/business/8115196.stm
 

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