Well said Hiwing. When I was doing the selection for readmission to the hold pool a few years back, I made a snide comment about the BACCs pulling up the drawbridge on NAPS and leaving new joiners on what was then an even worse DC pension scheme than it is now. At the time I think posties, or gas fitters or something, were on strike to prevent similar cuts to the pensions of future colleagues...
The PFO wasnt altogether a surprise; not that I much cared anyway.