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NEC Statement - Pension Fund Shortfall
In the wake of the Carillon liquidation, the Liberal Party notes many company pension schemes are suffering a funding shortfall, often referred to as 'a pension hole'. At the same time, those same companies have enjoyed enviable profits, shareholders have received generous dividends and directors have enjoyed large incentive bonuses.
The Liberal Party believes that the current operating performance of companies must be balanced with the long term pension commitment those companies have made to those who have served the company.
The Liberal Party thus calls on government to legislate to ensure that companies with a hole in their pension fund, be required by law to fund the closure of any pension hole in equal value as the joint value of shareholder dividend plus executive bonuses.

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