And bad news for the airline pension schemes
From the BBC today
A survey by the actuarial firm Watson Wyatt, of 160 companies or their pension schemes, found that 40% of those which are currently still open to new joiners will shut to new entrants in the next three years, as employers seek to rein in their pension costs and provide cheaper pension arrangements for their staff.
And 25% of schemes which are already closed to new joiners will shut to current members as well, which would mean that people already in such schemes would stop accruing additional benefits.