Fair point well made. You'd assume the ten times payout would happen anyway though, in which case that too would be pro rata cut quite substantially?
Out of interest, what might (hypothetically) the Suffolk response to a 100% passive scheme be? Bearing in mind too, that something like the Royal London AllShare passive is a different beast to most passive (and some active) dross out there. I like passives but I'm not sure I'd hang a helicopter sized pension fund onto it in my final years of employment.