TV Licence to be used for pension deficit

May 4, 2010

As with other large organisations, the BBC is facing a massive deficit in its pension fund.

Some estimates are putting the figure at around £1.5 billion and under employment laws the BBC must find the cash to plug this massive hole.

Luckily for the BBC, householders hand over cash every year for their TV Licences and it seems that the pension black hole could be filled by diverting around £100 million per year from the TV Licence revenues.

This is a massive turnaround for the worse, for the BBC pension plan.

It was only in 2007 that the pension scheme had a surplus of £275 million, so in three to four years the BBC pension plan appears to have dropped by nearly £2 billion!


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