From the blog: It appears another 'unacceptable face of capitalism' was revealed last week, with the Pensions Institute launching an indictment of employers who “milk and dump” their pension schemes.

 

Keith Wallace, president of The Association of Corporate Trustees, identified 35 ways an employer can extract surpluses or dodge pension obligations in a paper written for the Institute.

 

While the various tricks for milking surpluses detailed in Wallace’s paper are unlikely to be repeated in today’s deficit-laden world, the variety of methods for shedding pension liabilities makes for more troubling reading.

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