Shovelling Snow and Funding Pension Deficits – Spot the Difference

Greig McGuinness

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How many times have I dug out my drive-way this week? Each time I broke my back to dig down to the paving more snow appeared and the colourful language commenced.

Feel free to draw any analogies with funding a DB pension schemes still open to future accrual.

It couldn’t be worse, or could it? Well only if you’d:

  • no option on shovel size
  • no option to use grit or salt
  • your neighbour kept pilling all his snow on your drive

Ah, that will be a multi-employer scheme.