Thursday, Feb 26, 2009
Is the Government about to cash strip the Royal Mail pension scheme
Telegrath: Government admits taking advice on cutting public sector pensions
Last paragraph; 'Far more likely is that the Government itself would take the scheme over – and I believe that is what the Treasury may well actually want to do. They would be very keen to take in the billions of pounds of assets held by the Royal Mail pension scheme. This would give the Treasury a huge cash flow boost today and then it will be up to another government to find the further funds to keep paying pensions in coming decades'.
Posted by enuii @ 04:53 PM (759 views) Add Comment
6 Comments
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1. quiet guy said...
Well I'm very glad to see the issue of public sector pension liablities being dragged into the open. The prospect of profitable private sector companies failing is pretty worrying though.
The last statement certainly grabbed my attention:
'Ms Altmann emphasised it was unlikely that the Royal Mail scheme would end up in the PPF: "Far more likely is that the Government itself would take the scheme over – and I believe that is what the Treasury may well actually want to do. They would be very keen to take in the billions of pounds of assets held by the Royal Mail pension scheme. This would give the Treasury a huge cash flow boost today and then it will be up to another government to find the further funds to keep paying pensions in coming decades."'
Grab the cash and pass the bill onto the next incumbents. Nice.
2. Ulfarus said...
That just shows how criminal this government is.
I better go there is a knock at the door and flashing sirens outside, I may be paranoid but they are out to get me, you and everyone else on this site.
3. crash n burn said...
Another Flash Gordon ponzi scheme
4. titaniccaptain said...
5. alan said...
Really enjoyed it Titanic Captain.
By the way, I guess the pensions of Blair, Prescott, Darling & Brown are quite safe?.....Yeah, thought so!
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