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Now there are only around 2m. Lord Turner's Pensions Commission said last year that it expected such schemes more or less to disappear from the private sector over time.The standard response of companies to the pension crisis of recent years has been to close their schemes to new members, plug the deficits from profits and set up less generous defined-contribution plans for new staff.
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He also said he had not used one-shot revenues to plug the deficit.
It is just a way of coming up with the £2.8bn to plug the deficit".
*When Nassau sold its hospital last year for $82 million, it used the windfall to help plug the deficit.
The Pensions Regulator will help to determine whether the trustees' valuation is adequate and what must be done to plug the deficit.
Our menu contains almost triple the cuts and revenue hikes needed to plug the deficit, so you will be able to ignore some choices you don't like.
The failure of the system to offer very good grads employment opportunities, and offer a lifetime of repayments plus an income eaten into through higher taxation (to plug the deficit) is a system problem.
Clarke takes over the Asda empire as the grocer is losing ground to rivals and could face increasingly tough economic conditions as government spending is cut and taxes raised to plug the deficit.
Both Hollande and Nicolas Sarkozy have made it a priority to restore public finances and whoever wins the election will have to find €100bn (£85bn) of belt-tightening measures in the next five years to plug the deficit.
Good times have brought a budget surplus in the current year of $2.8 billion, which Mr. Giuliani irresponsibly proposes to use to plug the deficit next year, putting off for the next mayor the tough decisions about the future.
In 2009, passengers paid £1.9bn in APD and it's set to rise to £3.6bn by 2015, particularly if – as they expect – George Osborne seeks more duty to plug the deficit in his autumn statement later this month.
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CEO of Professional Science Editing for Scientists @ prosciediting.com