Yesterday I received my annual pension overview from my employee's pension and I was shocked at the difference in the estimated end value from last year's estimate.

2006 estimated value: 297,636.91
2007 esitmated value: 195,572.63

Over 100 thousand difference. Then I read on to find out that they changed a few things in the calculations.

1) They did not include any predicted pay raises.
2) They used 4% standard interest rate instead of 5%.
3) The company has changed their percentages for contributions for the age ranges, favouring the older participants in the pension scheme. This is to try and combat the low amount of savings in that age group.

However, I think this really shocked me into realising we are not saving any where near as much as we should be for retirement. Something new to work on once we have built up our emergency fund.