Pensions

[Tashyboy]

Had the remain leaflet come through the other day and it mentioned that pensions would be more secure in the EU. This got me thinking.
How can it be with the current rules or lack of in place?
My company went tits up/ into liquidation twice. When the company restarted up the day after it went bust we asked " what about our pensions" we were told that we would pay the same as before and that the company would go bust again and our pension would go into the Pension Protection Fund (PPF) again. How can that be allowed to happen?
BHS, steel workers, Courtalds etc etc etc go bust every week and we the taxpayer through the PPF fund pay for these poor sods pensions.
It is as if company directors look at pension payments as a low priority knowing if the company does go under there will be no consequences.
The governments rightly so encourage us to pay into pensions, but until it puts pension avoidance payments in the same category as tax avoidance, I honestly believe that pensions will be abused by companies.
The fact that governments have had billions out of my mine workers Pension fund is another story.
Am I wrong in thinking this ?

 

[DCB]

The situation you describe is unfortunately all too common. Cease trading one day and rise like a phoenix the next as if nothing had ever happened in the first place. As you say, it's the employees who are screwed over every time this happens. Sooner there's legislation to stop this practice the better.

 

[rudebhoy]

The PPF was set up by the UK Government, not the EU. That's the only real security people have re company pensions, so claiming that staying in the EU makes your pension safer is another lie from Project Fear 2.

It is disgraceful that crooks like Philip Green can simply walk away from their pension obligations by selling to some asset-stripper. That's every bit as bad as going bust and then starting back up the same day. Green should be rotting in jail.