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We want security
THOUGH we welcome the deficit correction contributions the Company has made in the past few years, we believe Unilever could, and should, have done more by diverting more of the cash available into the pension fund to make it more secure. After all, a deficit (£1.8 billion) actually amounts to a loan from the pension fund to the Company.
We want to ensure that our pensions are secure for as long as both our dependents and we are alive. In the present circumstances, we are reliant on Unilever being prepared to stand by the fund and honour the pension promises it made to its members as employees. It is continuing to do so and its assurance to continue to stand by the employers’ covenant is repeated in the latest annual report and accounts.
Nevertheless, company policy can change, as can its fortunes in the market place. We want to see sufficient funds locked away in the scheme to ensure that all our pensions are safeguarded for evermore, no matter what the future might hold.
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