Double exposure...
BT is currently proposing to close its defined benefit pension scheme for 11,000 managers
The fact that in 2018 BT is still running a defined benefits scheme, when the writing was on the wall back in circa 2002 and many other blue chip companies read the writing and closed their schemes to new and existing members by circa 2008, should be worrying people, as BT is currently exposed to both the underfunding of existing accrued pensions and future pensions; which given the underfunding has been mushrooming since 2008...
Biting the hand that feeds IT
