By chance or design, the cuts will also help the hard-pressed pension system save money.

You have reached a premium content area of Transitions. To read this entire article please login if you are already a Transitions subscriber.

Not a subscriber?

Subscribe today for access to:
Full access to the website and archive of over 26,000 articles

Exclusive monthly, members-only newsletter offering behind-the-scenes views from our contributing writers

A guest, two-month subscription to share with a friend

You can subscribe here to gain access to the entire website.