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Old 20th April 2006 | 17:21
  #558 (permalink)  
Human Factor
Couldonlyaffordafiver
 
Joined: Dec 2000
Posts: 1,934
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From: The Twilight Zone near 30W
Human Factor, as I understand it, they can't afford to pay the pensions. That is what the deficit is all about; the assets in the fund will not meet the liabilities.
I presume you didn't see the presentation that many of us got to see.

By the way, it's not a liability. It's a provision. There's a vast difference as any decent accountant should be able to tell you.
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