Methinks
outhouse that you weren't getting even the slightest bit paranoid in your old age but that your wisdom and eyesight continueth to fail you not
Why has the deficit not already been made up? Strikes me your newsletter simply says someone is caught holding a baby post-2004 new regulations and they ain't yet fixed it but they are responding to pressure to do so...
Generally in defined benefit schemes, those who are already retired are far better protected than those who are not, but your kind of cynicism is extremely healthy, and thereby the rest of us should be forewarned.