RE: Pension25 Sep 2019 10:11
Longish, ‘its unlikely that they will get it later unfortunately, it looks like they are going to have to take a 10% haircut on their benefits. This will be down to an assessment of having to pay the final salary benefits for such a large group of people for quite a while. Whilst that will be disappointing for the beneficiaries, if you compare it to some other companies that went into administration where they had raided the pension fund over the years and beneficiaries were left with almost nothing, it could have been a lot worse.