Gray
Well-Known Member
- Joined
- 30 May 2004
- Messages
- 25,583
- Team supported
- ABU & The Bus Wreckers
They would have gone bust if the PPF hadn’t stepped in, they now basically own the company. Some of my ex-colleagues no longer get an increase to their PPF pension whereas before they received 5% per annum. I no longer get my promised increase but a lesser % on a portion of my pension earned after a certain date.why couldn't the business keep funding the shortfall? Did they go bust? My understanding is that the PPF step in if they go bust. If so the PPF pay 100% of your entitlement if you are already retired and guarantee's 90% of your entitlement if you are below retirement age. Not great but hardly a collapse.
There are thousands (millions) of people who are in this position, you can bet your life that Gordon Fucking Brown has not suffered.