You don't get share options for one and you haven to take pensions fund valuations with a very big pinch of salt as both sides have interests here.
As long as you have a steady state of members joining at the base DB schemes some of the more extreme cases are very unlikely and would require for example losing 100% of the deferred scheme members overnight.
As long as you have a steady state of members joining at the base DB schemes some of the more extreme cases are very unlikely and would require for example losing 100% of the deferred scheme members overnight.