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Old 11-05-2012, 11:27   #165
Pierre
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Re: Pensions - no wonder there are strikes

Quote:
Originally Posted by danielf View Post
Any particular reason for ignoring employer contributions and growth of invested funds in the above?
The "employer" is the tax payer

True, funds may be invested, however the full amount is underwritten by the taxpayer, if the investments fail you don't lose out as the taxpayer would pick up the slack.

---------- Post added at 11:27 ---------- Previous post was at 11:26 ----------

Quote:
Originally Posted by Derek View Post
It doesn't suit his agenda...
See above
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