WetFeet - If I understand what has been said above correctly, then it is not us, the employees, that will be taking a contributions holiday, but TAG.
When contributions were reduced from 15 and 7.5% for them and us respectively a few years back because of the surplus, this was OK because the reduction was proportionate and approved by the trustees.
If they will use this alleged holiday to fund a cash flow problem then that is a totally different ball game. If this is the case then what we need from TAG is the truth and soon. There are far too many rumours doing the rounds at the moment.
OrsonCart - Can there be a one-sided holiday? Doesn't seem very fair to me.
Hopefully the open meetings will be just that, open.
Edited to add...
Having read Undercover's post which arrived while I was posting, I guess one-sided holidays do happen, but still doesn't seem "equitable".
[ 05 November 2001: Message edited by: cossack ]