250Kts
But maybe it's not about the life expectancy of us old wrinklies but about the life expectancy of today's 20 year olds, many of whom would still hope to be ATCOs in 40 years time-unlike many other businesses.
It doesn't matter whose extended life expectancy we are talking about. The fact is it has been rising since records began in the developed worlds - and therefore there is going to be a continued slight increase year on year on any pension fund.
We have and always will need to employ people - that's a known fact along with the known fact that they would be eligible for a pension. Your statement, if indicative of how the pension fund had been run, indicates a lack of long term planning.
Eglnyt
Pensions regulator/Actuaries/whoever. The fact is, life expectancy has increased for years - only slightly year on year, but always an increase.
I know it's possibly a moot point, but surely this long established fact should have been factored into pension funds earlier??