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A private savings account can't become underfunded. It may no be enough to comfortably retire on, but that's a different kettle of fish. Regarding the underfun
by mseebach 14y ago
A private savings account can't become underfunded. It may no be enough to comfortably retire on, but that's a different kettle of fish.
Regarding the underfunding number, I believe these are private defined benefit schemes - I'm talking about regular savings-schemes. Also, see my response to mercurial.