Originally Posted by
de fumo in flammam
Anyway, the Balpa DB pension scheme continues to run (at end 2017, albeit closed to new members), with pension costs soaking up a whopping £1.8m of the £6.3m membership revenue, almost as much as salaries, and three times as much as they spent on actually defending members - the bread and butter. Moreover, a £1.6m exceptional DB pension deficit provision was made, and further exceptional pension deficit costs are expected to be ongoing until 2025 (the introduction says £1m for 2017, not sure why there's a difference). It may all have changed since 2018 but not that I've heard, and not that I can find evidence of in a search.
They spent more on Travelling and Out of Pocket expenses £562k v Defending members £544k so everything is ok.