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Buried somewhere in the machinery of government, about £400m a year is spent on servicing the company's huge pension fund liability.
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And its pension fund liabilities only continue to grow.
And then there's the pension fund liabilities.
Q. Weren't huge pension fund liabilities, not imports, the real reason so many steel companies got into trouble?
By forcing long-term interest rates down and inflation up, QE1 has already increased pension fund liabilities by an estimated £74bn, while driving annuity costs to record levels.
Days before Green turned 63 he sold BHS, after years of trying to offload the weighty burden of the group's pension fund liabilities and trading losses.
Things such as NAV -- "a fund's net asset value pronounced as one syllable rhyming with 'have' equals fund assets minus fund liabilities divided by the number of share outstanding".
This week, three Republican members of Congress, led by Representative Devin Nunes of California, a senior member of the Ways and Means Committee, proposed legislation to force states and cities to report pension fund liabilities on the same basis, and to force them to disclose market values of assets.
Graham Jones at Panmure Gordon issued a sell note, despite the update: We think the key issue for Premier remains its balance sheet and pension fund liabilities and here we still believe a £200m [or so] equity raise is a rational course of action.
General Motors and Ford Motor can't sell enough cars to carry their pension fund liabilities for retirees.
The states and municipalities are drowning in red ink with pension fund liabilities headed through the roof.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com