<<<<The existing situation whereby the pensionners get everthing and the people below pension age get the leftovers is unfair and unsustainable. I hope to see legislation to bring justice to the situation, invloving a reduction of pensions for those already retired<<<<<
The current provisions are the only workable system. Once a guy retires his pot is frozen & he is paid according to the rules. The scheme overall may not have sufficient funds to pay all the liabilities, but the 30yr old does not need or even have the right to the money for many years. As long as the employer eventually makes good the shortfall then the 30yr old does not have a case.