Will my final salary pension be affected by the coronavirus crisis?

____________________________________________________ More on coronavirus: ____________________________________________________ Most public sector schemes are funded out of taxation, so things like movements in stock markets or companies going out of business will not affect whether your pension is paid. Every three years, your scheme goes through a valuation process.  They look at all the pensions that are due to be paid over the coming decades and compare this with the returns they expect to get on the money that sits in the fund. Social distance and empty spaces: UK life under lockdown (Photos) Following the rapid spread of coronavirus (COVID-19) throughout the world in 2020, the U.K. has been responding by implementing increasingly stringent measures over the last few weeks. Three days after ordering schools across the country to close indefinitely, Prime Minister Boris Johnson announced strict social distancing measures on March 23, which were extended a furtherthree weeks on April 16. These include a total ban on public gatherings of more than two people, the prohibition of travel other than for essential work and medical reasons, and that peopleare notto leave their homes other than to carry out one form of exercise daily. As the nationwide lockdown continues amid rising spring temperatures across the U.K., we look at daily life around the country in pictures. (Pictured) A restaurant worker poses for a portrait at a take-away window in Whitechapel in east London, England on April 18.  An elderly couple sit in the sunshine on the Hoe promenade overlooking the sea in Plymouth, England on April 8.  A young girl paints a picture of herself on the school window as children of key workers take part in school activities at Oldfield Brow Primary School in Altrincham, England on April 8. Some schools are still open to cater for the children of key workers, such as NHS staff, and vulnerable pupils, such as those looked after by local authorities. People sit on their doorsteps in Islington as the spread of coronavirus (COVID-19) continues, in London, England on April 5.   A woman wears a mask as she jogs past a closed amusement arcade with her dog on a deserted Bournemouth promenade in Bournemouth, England on March 29.    A man sits on a bus as people continue to socially distance themselves amid the coronavirus (COVID-19) outbreak, in Edinburgh, Scotland on March 26.     A handout photograph released by the UK parliament shows the second reading of the Coronavirus Bill 2019-21 in the House of Commons, with MPs observing social distancing by sitting two metres apart, in London, England on March 23.   Normally, when deficits go up, employers have to put extra money into the pension fund. Seven questions to ask yourself to help spot red flags BEFORE you fork out for financial advice.   Read a guide to the pros and cons of abandoning guaranteed final salary pensions here.  But if the economy takes a long-term hit then a combination of increased deficits and reduced contributions is storing up problems for final salary pension schemes.