http://uk.businessinsider.com/energy-companies-are-facing-another-huge-problem-2016-8?r=US&IR=T.
Anyone checked their Baker pension lately ?
2 replies (most recent on top)
When did Baker provide final salary (defined benefit) pensions in the UK? - those are the ones that are at risk. As far as I was aware Baker in the UK only provide defined contribution pensions where the amount paid out depends on how much you pay in (plus market conditions). The money is also managed by trustees so once the money is in your pension account, nobody in Baker can touch it - so much better than the US system.
BoD dinna need ony pensions. We all live hard and die young.