Yes, I cant see how the government could discriminate between:
A)funded commercial semi state DB schemes.
B)funded former semi state DB schemes.
C)funded private DB schemes.
I know that some distressed DB schemes have upped employee contributions in recent years and some benefits have been curtailed.
Also since these schemes are final salary schemes current employees who have or will endure pay cuts will presumabley be retiring on pro rata reduced pensions? Is this interpretation correct?
How about the eighty or so schemes in semi state that moved from funded to unfunded a few years back when the government took over their assets and liabilities?