"CLYDE DEMPSTER" wrote in message
o.uk...

"Neil Williams" wrote in message
oups.com...

Personally, I find a money purchase scheme invested in a number of
places to be more secure, even if it won't necessarily give as good a
final figure.

Neil

Thanks for the measured response. Sounds as if you have the money to
invest. As a driver i am lucky enough to earn a good salary but there are
many on low salaries that work on both the underground and overground
railways. With little or nothing to pay into the money purchase schemes it
seems that they can look forward to a less prosperous retierment than at
present under the final salary scheme. That dosent seem right to me.

At the last valuation of the scheme i am member of there was a small short
fall which was put right by raising the contibutions over the course of a
couple of years. Although the scheme is in a good financial state they
still wanted to introduce a money purchase scheme. A lot less exspensive
for the company ofcourse. It takes 40 years continuous contributons to get
the full benefit from a railway pension. Thats 40 years, as someone put
it, serving the public. I think railman and women deserve a decent
retirement after that sort of commitment.

There will be those that disagree of course.

Still, i hope your scheme comes up with the goods for you when the time
comes and if you should need a chauffeur or gardner, perhaps you could
bear me in mind, because i shall more than likely be skint.

Then go find a job with a better pension scheme, or find a way to get it
without screwing the very people you're supposed to be helping. Unlike the
passengers on the london underground, YOU have a choice to be there.

Regards
Clyde