Re: Dramatis Personae

Posted by Pete Warren on 05 October 2000 at 12:53:17:

In Reply to: Re: Dramatis Personae posted by Bryan Balfour on 05 October 2000 at 10:17:56:

But consider this: when the surplus has gone what will be used to
provide the discretionary increases? And how will a fixed
pension look in, say, 10 years time?

No doubt you have received formal notice of the pension increase.
Read, and read again, the "disclaimer" at the bottom of the letter
Could this "appropriateness" mean that if there is no surplus then
no increase?

If you deposited money at the bank and the bank moved
some of the cash to another account, using the pretext that it
was all the same bank anyway, wouldn't you be upset?

I have heard a rumour from two disconnected sources, and it is
just a rumour at the moment, that discretionary increases are to
be stopped on instructions from the U.S. The basis behind this
is that U.S. retirees do not receive increase so why should the
UK.