On Wed, 05 Sep 2007 00:37:26 -0700, Kev wrote:

On Sep 3, 9:20 pm, Paul Weaver wrote:

Only way he'll be happy is if the government step in and guarentee the
pot. It'll be political suicide for Brown though, after his pension
taxes. Ken hasn't got the budget.

And given that Gordon Brown stuck 2 fingers up to the ombudsman over
Equitable Life little chance he will guarantee these pensions.

For those staff who were formerly LU employees and who transferred to
Metronet they have statutory protection via specific provisions under
the GLA Act (IIRC) and also the PPP Contract. People who started with
Metronet after transfer are in a very different situation indeed as I
believe they do not have membership of the TfL Pension Fund or any form
of special statutory protection. Whether they have gained from the
statements made by TfL and the Mayor remains to be seen.

Gordon Brown's views on this or his past decisions over Equitable Life
have no bearing at all on this dispute.

--
Paul C


Admits to working for London Underground!