Reply to post: Re: I blame the cursed one

300,000 BT pensioners await Court of Appeal pension scheme ruling

Anonymous Coward
Anonymous Coward

Re: I blame the cursed one

BT themselves took a pension holiday when I worked for them because the bi-annual actuarial assessment of the scheme showed a huge over funding. Obviously we employees had to continue paying in.

Two years later, the pension holiday was abandoned when it was discovered that the crappy IBM "fourth generation" programming environment used to write the calculation software wasn't very good with numbers and tended to round aggressively.

Basically the calculation was a few of zeroes wrong and they really shouldn't have taken that pension holiday ;-)

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