at least 66% of final pay for those earning €60k and above and 89% for those earning under €30k?
If those figures were correct then I might agree with you!
Yes it was a good pension, there's nothing wrong with that being the case.
My point is that it's not fair that people employed for 35 years plus, that have based all their financial planning on what they believed was a rock solid entitlement, should now be told they're not going to recieve as much. At that stage it is too late to make other provisions!
I accept that when things go wrong then there will be a degree of "pain". My view is that should be shared equitably amongst ALL parties!