Summary
THOUSANDS of workers who lost most of their pensions when their employers went bust will benefit after the government unveiled the biggest rescue package of its kind, pledging GBP 2.9 billion to restore the money.
Unions and campaign groups that have been fighting for more than five years for the lost investment welcomed the move, which will restore 90 per cent of the value of pensions for up to 140,000 workers.See the full content of this document
Extract
Gbp 2.9bn Pay-Out for 140,000 Workers Who Lost Pensions
Some of those affected were forced to continue working instead of retiring, while one couple had to move in with their son after selling their house. They had planned to emigrate to Spain, but that had to be ...
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