Sunday, February 25, 2007
Would Sir and Madam be caring for full pension?
The High Court ruling has, however, found that the Government is culpable of inaccuracies and potential misleadings regarding the minimum funding requirement. The Court also ruled that the Department of Work and Pensions should reconsider making arrangements to restore fully the pension losses of the people concerned when their employers became insolvent.
However, the Government has been cleared of being in breach of the European Convention on Human Rights and has also been absolved of being responsible, through maladministration, for the financial losses of every indiviudal who suffered the winding up of their pension scheme.
The Government was also cleared of the murder of the first born and the snow a couple of weeks ago.
What would be helpful was if the Government put politics out of this and realised that there is a massive issue to be solved and their truculence in recent times has not helped at all. The Treasury should dip their hand in their pockets (not for that!) and cough up more money for the Financial Assistance Scheme and, basically, just get a move-on.
There could, of course, be some way of getting BIG BUSINESS to contribute to compensation packages if they actually gave a fuck about people as opposed to cosy little Corporate Social Responsiblity ideas and Community Projects. Or they could just pay more. Sorry I've turned into a Commie. Next up I'd probably suggest something heretical like if we didn't renew Trident for billions and billions of pounds we could cover all of this, raise the state pension and still have enough left for a rainy day.