Re: Woah, BT still had an open defined benefits pension scheme?
I'm not sure why you (OP) got the down votes as you seem to be stating the obvious. Such schemes were always poorly thought out and were overly generous. You would need to reserve a massive portion of an employee's remuneration to allow for such generosity. The only people that now get such schemes are politicians because they want them and you and I and future generations pick up the tab.
I also agree with your thoughts regarding the union. I recognise they are there to protect the rights of the workers but at some point you butt up against the viability of the employer. If you want to see an example of this look for historic articles where the Australian unions representing car manufacturing workers used to crow about the deals they'd made for better pay. How's that working out for their members?
Biting the hand that feeds IT
