| This British Steel pension malarky 12:52 - Jun 4 with 4968 views | Dyfnant |
This deficit, based on projections and current stock/asset values. What happens to reduced pensions when funding levels recover. Is that why Tata are rumoured to be interested in keeping the business again. |  |
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| This British Steel pension malarky on 13:04 - Jun 4 with 3430 views | DaiWill |
This whole situation makes my blood boil. TATA were put up for sale to force the government into offering them incentives i.e change in law to re-calculate the pension to benefit themselves (not employees), access to government loans, reduction in business rates, energy costs etc etc if u read between the lines its been a bluff all along. Good people have left as a result, risking their pensions being frozen all so TATA can benefit from past failures.
As soon as interest rates rise you will see a significant improvement in the pension performance & the deficit will soon diminsh. It wasnt that long ago that it was voted the best performing pension in the UK so it cant be doing that bad!!! |  | | |
| This British Steel pension malarky on 13:11 - Jun 4 with 3419 views | max936 |
| This British Steel pension malarky on 13:04 - Jun 4 by DaiWill |
This whole situation makes my blood boil. TATA were put up for sale to force the government into offering them incentives i.e change in law to re-calculate the pension to benefit themselves (not employees), access to government loans, reduction in business rates, energy costs etc etc if u read between the lines its been a bluff all along. Good people have left as a result, risking their pensions being frozen all so TATA can benefit from past failures.
As soon as interest rates rise you will see a significant improvement in the pension performance & the deficit will soon diminsh. It wasnt that long ago that it was voted the best performing pension in the UK so it cant be doing that bad!!! |
Was told yesterday that the shortfall is around 450 million, but their pension investment portfolio is worth 14 billion. the shortfall is based on the assumption that all Steel Workers will survive until they are in their 80's. |  |
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| This British Steel pension malarky on 13:28 - Jun 4 with 3386 views | blueytheblue |
| This British Steel pension malarky on 13:11 - Jun 4 by max936 |
Was told yesterday that the shortfall is around 450 million, but their pension investment portfolio is worth 14 billion. the shortfall is based on the assumption that all Steel Workers will survive until they are in their 80's. |
Life expectancy is going up; that means there will always be pension shortfalls as people live longer. | |
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| This British Steel pension malarky on 13:43 - Jun 4 with 3364 views | max936 |
| This British Steel pension malarky on 13:28 - Jun 4 by blueytheblue |
Life expectancy is going up; that means there will always be pension shortfalls as people live longer. |
Thanks for stating the bleeding obvious, I now feel duly informed Thanks. | |
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| This British Steel pension malarky on 14:31 - Jun 4 with 3331 views | Lohengrin |
| This British Steel pension malarky on 13:28 - Jun 4 by blueytheblue |
Life expectancy is going up; that means there will always be pension shortfalls as people live longer. |
A lifetime spent working in heavy industry does not make for a long and happy dotage. |  |
| An idea isn't responsible for those who believe in it. |
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| This British Steel pension malarky on 14:34 - Jun 4 with 3326 views | Loyal |
| This British Steel pension malarky on 13:43 - Jun 4 by max936 |
Thanks for stating the bleeding obvious, I now feel duly informed Thanks. |
You've upset him now, I can feel it. |  |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| This British Steel pension malarky on 14:38 - Jun 4 with 3320 views | Loyal |
Some people who laughed at the reductions in public sector pensions, doctors, nurses, fire, police etc are dancing to a different tune all of a sudden.
Hurts doesn't it when it's on your doorstep. | |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| This British Steel pension malarky on 14:41 - Jun 4 with 3314 views | max936 |
| This British Steel pension malarky on 14:34 - Jun 4 by Loyal |
You've upset him now, I can feel it. |
Well mun, these upstarts from Cardiff are good at stating the bleeding obvious 
Never mind  | |
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| This British Steel pension malarky on 14:41 - Jun 4 with 3312 views | blueytheblue |
| This British Steel pension malarky on 14:38 - Jun 4 by Loyal |
Some people who laughed at the reductions in public sector pensions, doctors, nurses, fire, police etc are dancing to a different tune all of a sudden.
Hurts doesn't it when it's on your doorstep. |
Funny that, private pensions were affec ted long before public ones were.
Didn't hear the doctors, nurses, fire, police etc complaining on others behalf.
Nobody is laughing at reductions in public sector pensions anymore than people laughed at reductions in private sector pensions. | |
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| This British Steel pension malarky on 14:56 - Jun 4 with 3293 views | Loyal |
| This British Steel pension malarky on 14:41 - Jun 4 by blueytheblue |
Funny that, private pensions were affec ted long before public ones were.
Didn't hear the doctors, nurses, fire, police etc complaining on others behalf.
Nobody is laughing at reductions in public sector pensions anymore than people laughed at reductions in private sector pensions. |
Oh, ok it's a no sympathy Fck everyone deal then 👠| |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| This British Steel pension malarky on 14:58 - Jun 4 with 3291 views | blueytheblue |
| This British Steel pension malarky on 14:56 - Jun 4 by Loyal |
Oh, ok it's a no sympathy Fck everyone deal then 👠|
You might want to go to Specsavers if you're reading those words in what I wrote.
Sympathy for everyone not receiving everything they expected regardless of sector. | |
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| This British Steel pension malarky on 15:02 - Jun 4 with 3279 views | Loyal |
| This British Steel pension malarky on 14:58 - Jun 4 by blueytheblue |
You might want to go to Specsavers if you're reading those words in what I wrote.
Sympathy for everyone not receiving everything they expected regardless of sector. |
I like it when your punchy. | |
| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| This British Steel pension malarky on 15:48 - Jun 4 with 3232 views | exiledclaseboy |
| This British Steel pension malarky on 14:38 - Jun 4 by Loyal |
Some people who laughed at the reductions in public sector pensions, doctors, nurses, fire, police etc are dancing to a different tune all of a sudden.
Hurts doesn't it when it's on your doorstep. |
That my friend is an excellent and well made point. |  |
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| This British Steel pension malarky on 15:56 - Jun 4 with 3221 views | Darran |
| This British Steel pension malarky on 15:48 - Jun 4 by exiledclaseboy |
That my friend is an excellent and well made point. |
F*co me he's your friend today and last Saturday you nearly came to blows. |  |
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| This British Steel pension malarky on 15:57 - Jun 4 with 3216 views | exiledclaseboy |
| This British Steel pension malarky on 15:56 - Jun 4 by Darran |
F*co me he's your friend today and last Saturday you nearly came to blows. |
Came to blows? I think not. Anyway, such is the beauty of planet swans. | |
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| This British Steel pension malarky on 15:59 - Jun 4 with 3213 views | Darran |
| This British Steel pension malarky on 15:57 - Jun 4 by exiledclaseboy |
Came to blows? I think not. Anyway, such is the beauty of planet swans. |
Yes over that guitarist. | |
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| This British Steel pension malarky on 15:59 - Jun 4 with 3213 views | Dyfnant |
If it was simply about life expectancy, why not simply reduce private pensions by 25% or so when people hit the mystical 80 years of age. The government are probably hoping this £14B of assets are windfalled to them and future governments can be lumped with chipping away at future payments. Tata's parent company certainly shouldn't be able to dodge this 'deficit' by shifting the UK business, they took payment holidays quite recently when the funding level was positive. | |
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| This British Steel pension malarky on 16:01 - Jun 4 with 3205 views | exiledclaseboy |
| This British Steel pension malarky on 15:59 - Jun 4 by Darran |
Yes over that guitarist. |
What guitarist? | |
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| This British Steel pension malarky on 16:03 - Jun 4 with 3202 views | Darran |
| This British Steel pension malarky on 16:01 - Jun 4 by exiledclaseboy |
What guitarist? |
Nicky Wire mun. | |
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| This British Steel pension malarky on 16:05 - Jun 4 with 3198 views | exiledclaseboy |
| This British Steel pension malarky on 16:03 - Jun 4 by Darran |
Nicky Wire mun. |
Eh? Nicky plays bass. Thicko. | |
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| This British Steel pension malarky on 16:07 - Jun 4 with 3193 views | Darran |
| This British Steel pension malarky on 16:05 - Jun 4 by exiledclaseboy |
Eh? Nicky plays bass. Thicko. |
Yeah I know. Thicko. | |
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| This British Steel pension malarky on 16:09 - Jun 4 with 3189 views | Loyal |
| This British Steel pension malarky on 15:56 - Jun 4 by Darran |
F*co me he's your friend today and last Saturday you nearly came to blows. |
Rubbish, you are confused again.
Take a time out with a lemon tea.
You meant bass guitarist 👠[Post edited 4 Jun 2016 16:10]
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| Nolan sympathiser, clout expert, personal friend of Leigh Dineen, advocate and enforcer of porridge swallows.
The official inventor of the tit w@nk. | | Poll: | Who should be Swansea number 1 |
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| This British Steel pension malarky on 16:14 - Jun 4 with 3178 views | exiledclaseboy |
| This British Steel pension malarky on 16:09 - Jun 4 by Loyal |
Rubbish, you are confused again.
Take a time out with a lemon tea.
You meant bass guitarist 👠[Post edited 4 Jun 2016 16:10]
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Ah, it's like last week all over again. | |
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| This British Steel pension malarky on 19:32 - Jun 4 with 3069 views | oh_tommy_tommy |
The working man giving his life to a company making them billions being ripped off yet again .
The French have the balls at least to stand up against the greedy elite .
The Brits take it up the Ar@e |  |
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| This British Steel pension malarky on 19:53 - Jun 4 with 3053 views | plasjack |
| This British Steel pension malarky on 19:32 - Jun 4 by oh_tommy_tommy |
The working man giving his life to a company making them billions being ripped off yet again .
The French have the balls at least to stand up against the greedy elite .
The Brits take it up the Ar@e |
Along with the Greeks. |  | | |
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