In Reply to: Re: Pensions Bill 'will cost firms £400m a year'' posted by GrumpyGuts on 12 June 2004 at 06:14:06:
Hasn't the Defined Benefits company pensions promise been based on the belief/faith that by using the payments into a DB fund to invest/gamble broadly in stock markets this would provide sufficient returns to meet the pension liabilities?
So struggling companies with a DB pension fund deficit may not be taken over because of their pension liabilities which could be doubly bad news for the employees:
Company goes bankrupt - employees lose their jobs
Pension fund in deficit - employees lose or end up with reduced pensions
So I take it that IBM is quite safe from a takeover by GlobalSoft!