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Rather, new deficit contributions are tacked on from 2025 which is against the regulator's guidelines".
In addition, the halted schedule of agreed deficit contributions must start up once again.
He said: "There are no new deficit contributions within the time period agreed in 2011.
"The latest actuarial valuation, to fix deficit contributions payable by the company, won't be finalised for several months.
"Because major disposals have reduced Tata Steel's creditworthiness, the pension trustees should demand higher deficit contributions, so the total annual cash contribution could easily go up.
Ralfe said the company and trustees of the pension scheme will be agreeing deficit contributions as part of the 2014 actuarial valuation.
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All three-year pension scheme valuations, including the timetable for deficit contribution payments, must be agreed between the company and trustees, but there is not much trustees can do to squeeze cash out of an unwilling company.
It had a $1.5 million deficit and contributions were meager.
One reason is that in the near term this would actually add to the budget deficit, as contributions were diverted from paying benefits to the new savings accounts.
The Senate's compromise measure that was not adopted yesterday did not suspend these so-called deficit reduction contributions outright, but it would have allowed companies to put in only 20percentt of the required amount for the next two years.
Normally, companies make a minimum pension contribution each year, and must make the deficit-reduction contributions only if their pension funds develop significant, lasting deficits.
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