year 2016 at the earliest maybe.

I was just nodding again and something about year 2014 grabbed my attention.

Apparently one of the current PIF Wollongong settlements is due in December 2014.

So that means the earliest that the PIF can be wound up would be June 2015, plus any other long term settlements that may occur which may take it up to June 2016.

I recall somewhere that maybe 60 % of the 10,700 unit holders were over 65 years of age at PIF formation in 2008.

I wonder how many more off us will fall off our perches waiting and what an absolute disaster for us elderly.

No wonder there is so much bitterness with many unit holders whom were dependant on these investments for their retirement.