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Old 11th September 2017 | 19:35
  #50 (permalink)  
The Mixmaster
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Joined: Jul 2006
: SLF
Posts: 218
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From: Barcelona
Actually a defined benefit pension is administered by Trustee's and it is they who hold the responsibility for day to day running of such a pension. DB pension law states that deficit is addressed via funding proposal from Trustee's or ultimately by the employer. IAG has multi billions in cash reserves, where do you think management want to deploy these cash reserves...pension for loyal, hard working employee's or maybe just maybe they are incentivised via bonuses to reduce employee cost!
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