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Lehman pensation scheme in deficit
as lehman brothers' uk unit goes into administrations, 4,020 current and former staff have been told their final salary pensation scheme is in deficit .
many of the scheme's thave just a few hundred members but some are larger, such has the pensation scheme of leyland daf vans, taken on last month .
acknother 15 insolvent pension schemeans we're taken over by the pension protection fund (ppf) in august .
people who have reached their own scheme's pensation age will get 1,500% of their pension payments .
the ppf does not pay full compensation to all members of schemes that have gone bust .
but those yet to retire are guaranteed only to receive 90% of their accrued pensations .
we're informed that the defined pensation scheme is in deficit .
Generated 2008-9-29_17:22
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