landedoutagain
If we both retired in 2 years on same pay, and ive worked for 41 years and you have for 39, I could take home more than you. This is wrong.
Why is this, in particular, wrong? If you stopped contributing 2 years ago, your saved contributions have been earning for an extra two years (or losing in bad years?)
And, the benefit is no longer definable.
Isn't that the subtle difference between defined benefit and defined contribution schemes? In fact, at the point of retirement, the benefit is definable - it's just not
predictable.