Pension Surplus.... CWU this doesn't read well

[RHONE]

Pension Surplus- The EP agreement says we will get a share of the pension surplus when the Trustees are satisfied. There are two pension surpluses , the first is from the Care Scheme and the other. Is from the Cash balance which is smaller.

When we get a share it will go into the employee benefit scheme which will also generate 10% of any profit made by the company in future pay rises.

This surplus was at risk of going exclusively to EP. At the appropriate point the union and our democratic process including our conference with decide how we use it

[Gary55]

From one f**k up to another. Remind me who pays the unions pension