Charity pension warning

By Jonathan Pearson, Third Sector, 11 April 2007

Members of charity pension schemes could be forced to choose between accepting lower payments and bankrupting their employers, a senior accountant has warned.

Bill Robinson, a senior economist at consultancy KPMG, claimed that inflation-linked pension schemes and increasing life expectancy had left many charities with deficits far in excess of their financial reserves. Writing in The Independent on Sunday, he said charities could be forced to divert as much as 50p in the...

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