Snorvey wrote: If the answer is a resounding "NO" then putting her money into the DB scheme is almost certainly a good idea, or at least one likely to meet her requirements.
Yes, absolutely. It takes the risk away from her and put it on to the rest of us.
Agreed. As a matter of public policy, the existence of the schemes in their current form is highly questionable. The burden on future taxpayers is potentially crushing, and yet many members of the schemes do not value them at all - there is certainly no need to pay for a DB pension based on 60ths with survivors pension etc etc in order to be able to recruit £9/hr arsch wiping staff for the special school. Bonkers use of resources.
What makes us ponder a bit [but not enough to change course] is - HOW will the DB scheme benefits be stolen from her?
Obviously the CPI by which it's indexed understates the true rate of inflation for people with small incomes who pay council tax and don't wish to 'substitute' dogfood for beef when prices rise - so that's one method, which is powerful indeed over decades.
Current politics doesn't seem likely to support explicit haircuts of the schemes, but differential taxation for their benefits might well appear eventually.