Member

Let us say that we went a little bit further and said, “Okay, we’re going to stop these defined benefit pension plans right now. We’ll secure your benefits, as of now, that we promised you, but from now on those contributions you put in will be given to a defined contribution scheme, not a defined benefit scheme, as has had to happen in the private sector, because that is all we can afford”. If we did that, if we kept the promises we made so far—