Posted by Phil Harrison on 23 October 2000 at 23:37:16:
In Reply to: N Plan posted by M Evans on 06 October 2000 at 11:16:27:
I believe I'm correct in saying that the N and C plans are funded from the same
'bucket'. Although N plan members didn't contribute to the fund, I believe that
the retiree's are given the same discretionary pension increases as the C plan members
are. I've never seen a pension fund deed, but no one seems to have mentioned a seperate N plan
fund, so I would assume N plan members are in the same boat as regards to their annual
increases and the fund's value. Does anyone know whether there is a seperate N plan fund or
whether the N and C plans are funded from the same source? The pension plan annual reports
obviously don't show the same detail as the pension fund deeds.