New Posts For Thread: Royal Mail pension fund deficit now stands at £10 BILLIONhttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billionWhat gives? That's a staggering amount of money to be short. Who's responsible and how could they get their sums so wildly wrong?Looks like the taxpayer may end up having to make up a portion of the deficit, but that could be a dangerous precedent.mtotothey took a holiday for 15 years, as it happens just when i joined but the government still took there slice of the cake each year from the po which they had to pay.https://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659350#417659350mtotothey took a holiday for 15 years, as it happens just when i joined but the government still took there slice of the cake each year from the po which they had to pay.Fri, 11 Dec 2009 09:14:56 -0600redbag 11 Dec 12:49 panorama on tuesday evening is about royal mail Thought it was monday. anyway as the title suggests you know its a political stunt to** off the worker.https://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659338#417659338redbag 11 Dec 12:49 panorama on tuesday evening is about royal mail Thought it was monday. anyway as the title suggests you know its a political stunt to** off the worker.Fri, 11 Dec 2009 08:13:27 -0600at least its partly funded unlike other public sector pension schemeshttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659330#417659330at least its partly funded unlike other public sector pension schemesFri, 11 Dec 2009 08:06:05 -0600postmen are alone in the fact that the government told royal mail to take a pension holiday and to stop paying into fund. FOR OVER 15 YEARS.https://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659326#417659326postmen are alone in the fact that the government told royal mail to take a pension holiday and to stop paying into fund. FOR OVER 15 YEARS.Fri, 11 Dec 2009 08:04:43 -0600Postmen arent alone in this. People across the Public sector like teachers have been made promises on pensions that will never be able to be kept. At least if Govt fronted up and admitted it then people would have time to make some alternative provishttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659322#417659322Postmen arent alone in this. People across the Public sector like teachers have been made promises on pensions that will never be able to be kept. At least if Govt fronted up and admitted it then people would have time to make some alternative provisFri, 11 Dec 2009 08:03:23 -0600What i find amazing is the company i work for laid off lots of staff post privatisation with lump sums of up to 2 years salary and the money they used was from the pension fund. I know they claim they will pay it back but it doesn't seem right to mehttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659290#417659290What i find amazing is the company i work for laid off lots of staff post privatisation with lump sums of up to 2 years salary and the money they used was from the pension fund. I know they claim they will pay it back but it doesn't seem right to meFri, 11 Dec 2009 07:20:57 -0600agree Tevez. The UK needs a group that will look after its interests for the long term ie specifically looking at the next 10 to 50 years. Governments focus policies on the next couple of years, and unpopular long term decisions just don't get taken.https://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659282#417659282agree Tevez. The UK needs a group that will look after its interests for the long term ie specifically looking at the next 10 to 50 years. Governments focus policies on the next couple of years, and unpopular long term decisions just don't get taken.Fri, 11 Dec 2009 07:16:25 -0600not if the company takes a payment "holiday" of several years.yes, your investment portfolio may go up and down, but only if your employer actually pays into it.https://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659274#417659274not if the company takes a payment "holiday" of several years.yes, your investment portfolio may go up and down, but only if your employer actually pays into it.Fri, 11 Dec 2009 07:13:59 -0600pension funds are like betfaira gamblehttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659270#417659270pension funds are like betfaira gambleFri, 11 Dec 2009 07:12:01 -0600it won't happen yojimbo, exactly the same reason they wouldn't bale out those poor mirror group people, couldn't afford the precedent :(the pensions should be ring fenced by law, end ofhttps://community.betfair.com/chit_chat/go/thread/view/94038/23419794/royal-mail-pension-fund-deficit-now-stands-at-10-billion?post_id=417659266#417659266it won't happen yojimbo, exactly the same reason they wouldn't bale out those poor mirror group people, couldn't afford the precedent :(the pensions should be ring fenced by law, end ofFri, 11 Dec 2009 07:11:48 -0600