In Reply to: Re: Pension Increase Letter - Translation Needed! posted by Peter Seaman on 27 January 2003 at 08:01:59:
: :: "The Company has indicated that it will continue to exercise its discretion and take into account the factors which it may legitimately consider when determining the appropriateness of future pension increases."
: I too wonder what it meant. Presumably if the company did not make this statement to us it might not exercise its discretion? Or might take into account some illegitimate factors?
I read it as :
"Just because we gave you an increase this time does not mean that we will ever do it again"