Pension Trustees Take Bt to Court ; Legal Ruling Is Sought Over Size of State Guarantees On Liabilities

Summary

---

BT's pension scheme trustees are taking the company and the Government to court in a case that will decide how much of BT's pension liabilities will be guaranteed by the State.

The High Court will be told on Tuesday that the Conservative government of 1984 pledged to stand behind three-quarters of its pension liabilities in the event of the company going bust - but the authorities have consistently refused to endorse the figure.

See the full content of this document

Extract

---

Pension Trustees Take Bt to Court ; Legal Ruling Is Sought Over Size of State Guarantees On Liabilities

The Crown Guarantee was introduced when BT was privatised, but the precise figure has ne...

See the full content of this document

---