What I find astonishing that there is no current valuation of funds and liabilities. From what I understand this is something which will be available next year. Now, pensions are long term products and I can’t see the urgency of drastic action without having at least having a recent valuation of the funds.

I am all for public pension schemes being self sufficient, but I do not like the idea of changes on vague analysis.

Yes it may be necessary to have an action plan, but without valuations...