10 November 2009 ___________________________________ Pat O’Sullivan

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Presentation transcript:

10 November 2009 ___________________________________ Pat O’Sullivan Presentation Defined Benefit Survey 2009 10 November 2009 ___________________________________ Pat O’Sullivan

Background Reasons for survey Data requested Comprehensiveness of results

Membership Numbers Type Reported Actives 178,086 Deferreds 102,216 Pensioners 65,991

Number of pensioners in scheme

Size of MFS liability

MFS funding level – end 2008

The number of pensioners with coverage less than 100% was 15,000. Four large schemes accounted for 10,000 of these pensioners.

Only 10% of active and deferred members have coverage levels of 100% or greater.

Top 50 Schemes Pensioner Liabilities compared with Bonds, Cash and LDI

Conclusion Uses of data Sharing of data Future surveys