Thanks for your explanation but take issue with works fully funded.
Fully funded by whom , not the members I guess. There is no way they are contributing 100% to these very generous pensions.
If the are fully fundred it is by the employers who get their money from local and national governments , in otherwords us.
According to media the so called wage freeze did not apply to many with so called merit or grade rises ( whatever they are). Also many private sector workers have taken wage REDUCTION to retain their jobs.
For 43 years I worked to 4 private sector companies and in all cases I have no idea what any colleagues were being paid.