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Bad News for BT Pensioners.

VileReynard
Seasoned Pro
Posts: 10,578
Thanks: 190
Fixes: 9
Registered: 01-09-2007

Bad News for BT Pensioners.

http://www.guardian.co.uk/business/2011/may/12/bt-investors-hope-payout-pension-cut
Quote
BT investors hope for payout after pension cut
12 May 2011: BT's pension scheme liabilities reduced by £4.3bn after it used a lower measure of inflation to set its annual rises for retired workers

Quote
Investors could benefit from a £100bn windfall over the next 15 years...

2 REPLIES
itsme
Grafter
Posts: 5,924
Thanks: 1
Registered: 07-04-2007

Re: Bad News for BT Pensioners.

I don't think that it should affect current pensioners only employees that retire after they bring in the new system.
VileReynard
Seasoned Pro
Posts: 10,578
Thanks: 190
Fixes: 9
Registered: 01-09-2007

Re: Bad News for BT Pensioners.

Employees nil
Investors 1