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Old 10th Sep 2017, 23:37
  #35 (permalink)  
TURIN
 
Join Date: Feb 2002
Location: UK
Age: 58
Posts: 3,502
Received 169 Likes on 91 Posts
I hope you have a "0" too much in there. Otherwise, you must have expected a very generous pension.
Depends what you call generous.

If BA get away with closing NAPS I will have an expected shortfall of approx £15000 a year.

My back of an envelope calculations may be wrong but (I think) to service £15000 a year I will need to build up a pension pot in excess of £300000.

In the time I have left to do that I would need to put away something like 50% of my current gross salary, every year until I retire.


If that is the case, that shows you how unsustainable yours and others pensions are unsustainable.
Really? I can't see Walsh, Cruz and the rest of them struggling in retirement can you?
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