voda schreef op 13 mei 2016 15:02:
Tata Steel UK workers face 15% cut to pensions - Report
The Daily Mail reported that the pension of thousands of steelworkers could be slashed by 15 per cent as part of plans to save the UK steel industry. Business secretary Sajid Javid is considering the drastic proposal in the hope of saving GBP2.5billion and making the former British Steel pension scheme more attractive to potential buyers of Tata Steel’s UK assets.
Anyone taking on the pension scheme will have to pay off the debt and make regular contributions, which will jump from GBP 35 million to GBP 60 million next year. Such large sums make a rescue of the loss-making business financially impossible.
Seven possible buyers have made bids for the 11 UK steel plants being auctioned by India’s Tata. But it is thought many of them are unwilling to take on the British Steel pension scheme which has a GBP 485 million black hole and 134,000 members.
Javid’s proposal would see the rate at which pension benefits build up switched from the higher inflation rate of retail price index to the lower consumer price index which is favoured by the Government.
Effectively, over time, this could mean that pensions are worth 15 per cent less than if they had been building up at a higher amount.
Source : The Daily Mail