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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Scheme Member | How secure is my pension? | My pension scheme is in deficit
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My pension scheme is in deficit .gif)
Just because your scheme may be in deficit does not mean the scheme (or the sponsoring employer) is going to fail. The plans put in place to rectify any deficit are designed to reduce the shortfall over an agreed period.
So, should you be concerned? Perhaps, but only if you think the sponsoring employer may not be able to make the profits to pay the necessary contributions to keep the pension scheme afloat. You certainly shouldn’t take anything for granted.
Take an active interest in your pension benefit. Keep informed. Review your pension periodically – or better still, get a specialist to do it for you. Read our Factsheet.
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To find out more, choose one of our free Factsheets on the right to match your category of membership.
Not sure which category of member you are? See our definitions:
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See our Glossary for definitions of phrases in our Factsheets
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This Factsheet is not yet available to members of Money Purchase schemes
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