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Old 15th May 2011, 14:06
  #928 (permalink)  
PAXboy
Paxing All Over The World
 
Join Date: May 2001
Location: Hertfordshire, UK.
Age: 67
Posts: 10,150
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Sure RS. I have been severely mangled by large corporates in my day and speak from bitter experience. I do not like that pensions are being clawed back and cut. It is often forgotten that 'pension' = 'deferred payment'. It is an inducement to stay with the employer longer, rather than short term gain. In the minds of too many, 'pension' = 'bonus'.

Unfortunately, as the Western world moves towards the end of this phase of it's existence, countless millions are going to lose out. In the UK, it may perhaps have been said to start with Maxwell's crimes being revealed. The process is ongoing with each 'circuit' there is another 'bump' (intended).

I have a lot of sympathy with those involved in this particular aspect of 'life' with BA.
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