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September 30, 2005

You're Fat, Owh, and Forget Your Pension

2 bits of news yesterday. Having completed a medical for my life assurance renewal, the annoucement, in black and white, that I'm officially fat. 4 stone, to be precise. Following that, the Pension Update on our company pension, and the now huge 2.4billion deficit that's appeared in the last 3 years :-O

It would appear that, as part of the analysis into plugging the gap, there's to be an option to work beyond 65 in order to top up the fund. The funny part is the calculation to predict how long you'll last after you retire to spend what you've invested. So, at present calculations, I've 5.85 years beyond my 65th birthday. And, this is the best bit, they're suggesting I work another 2.5 years after 65 in order to help plug the deficit. I've to work for another 33 years, and will only have 2 years to enjoy it :-(

So, this lunchtime, this bit of news was most welcome ;-)

Posted by alan at September 30, 2005 12:44 PM

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