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Old 11th Jul 2008, 14:34
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Variable Load
 
Join Date: Feb 2001
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I'm with quichemech on this one. The deficit (i.e. a shortfall in overall funds to cover ANTICIPATED future costs) was identified some time ago. The Company put in place a timetable to cover that deficit i.e. to pay more money into the fund. It could have done what I believe Bristow did and wind up the fund.

The First Reserve takeover has obviously led to a review and they decided that the time allocated to recover the deficit would be shortened. Unless I am missing something, this has to be a good thing - right?

There is no dipping in to funds, nor is this a company pension holiday. Quite the opposite!

Me thinks you are getting paranoid in your old age outhouse
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