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  1. #1

    I Am Legend

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    Default Never try to be a good guy

    'Being a good guy boss left me GBP1.2m in debt' - BBC News

    For decades plumbing firm boss Murray Menzies paid into a pension scheme for his workers at a time when it was not compulsory. But a series of complex changes to the law mean the 71-year-old is now being pursued for a huge "pension debt" to cover a shortfall in the fund he used.

    The irony in all of this is that Plumbing Pensions is not short of assets. According to recent valuations, there's more than enough money in the fund to cover all its liabilities on an ongoing basis. In short, it doesn't need the money.

    The "shortfall" is a hypothetical one - only existing because the Section 75 rule uses a particularly expensive method of calculating the costs should the scheme ever decide to wind up.

    The chief executive of Plumbing Pensions, Kate Yates, said these were unfair "unintended consequences" of a well-meaning change in the law.

    --------------

    Trying to help others does not work. Be selfish.

  2. #2

    Double Godlike!

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    Funny you should say this but it does seem to be the mantra more and more where I am.

    Or rather we are told that is not the case but then when you observe the behaviours of those telling you it is not the case - you can clearly see it is the case.

    So yes feck everyone.

    Care not who you take a huge tulip on from a great height and you will be successful.


  3. #3

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    Quote Originally Posted by original PM View Post
    Funny you should say this but it does seem to be the mantra more and more where I am.

    Or rather we are told that is not the case but then when you observe the behaviours of those telling you it is not the case - you can clearly see it is the case.

    So yes feck everyone.

    Care not who you take a huge tulip on from a great height and you will be successful.

    Remind me again who was stupid enough to organize the CUK Christmas social.

  4. #4

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    Quote Originally Posted by BrilloPad View Post
    Remind me again who was stupid enough to organize the CUK Christmas social.
    It was you..

    with a little help from me!

    but it will be fun whatever I am sure


  5. #5

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    Quote Originally Posted by original PM View Post
    but it will be fun whatever I am sure
    No good deed goes unpunished.
    Boomers tend to believe in “freedom of speech”, which is a fascist concept used to spread hateful ideas.Given that hate speech is not possible without free speech, any defence of free speech is a form of hate speech. - Titania McGrath

  6. #6

    My post count is Majestic

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    Quote Originally Posted by original PM View Post
    It was you..

    with a little help from me!

    but it will be fun whatever I am sure


    so you two are paying my Bar bill?

    I am Jean Claude & I claim my 4 bottles of Vodka.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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