Pensions blog

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Re: Nuclear winter of discontent?
I seem to recollect that some time ago SL (or BNFL at that time) applied for a payment holiday from the company portion of pension contributions due to the fact that there were sufficient underlying funds within the pension 'pot' to adequately cover the future pension 'burden' for employees on the books. Since all new starters are subject to the revised terms and the workforce size has diminished this burden has surely become less. A synic may argue that this move is freeing up the said surplus for other use? How do we find out what that surplus (and saving) is? Anyones thoughts welcome.