PFRDA - Is the Gordon trying to get his paws on the Royal Mail Pension Fund ?

Is the Gordon trying to get his paws on the Royal Mail Pension Fund ?

The Post Office has £22 billion in its pension fund but faces a £7 billion deficit. Senior industry sources have suggested that the Government is planning to seize the £22 billion and use it to make it look as though government borrowing figures are lower. http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article5349280.ece

Public Comments

Nothing surprises me about The Gordon. He has borrowed these billions and now it has to be paid back. He will now explore all and every source - of money to grab.
would seem to be a prudent move
Yes,...... And he will raid the lottery fund again too,..... And he will raise taxes,..... And he will put up vat higher than ever before,..... And he will starve/freeze to death many pensioners,..... And he will starve the (British citizen) unemployed of jobs,..... And he will continue to wreck Britain,.... And he will no doubt cause more racial tension.
Why do you think GB wants the money? Pension funds are never a target of any government like you suggest and not even when in the Times. The last such robbery was Mr Maxwell. As I remember the Royal Mail management want to restructure the final salary and other pension arrangements. How is it fair for the Royal Mail to do this?
When the boss of the Post Office took over, the PO was broke. He stated that the pension fiund was zero and he was not sure if it would collapse alltogether. Why was the fund at zero, a reporter asked, the reply was - The tory Government told all businesses that the pension funds were overflowing with cash, as a result, they need make no further employer contributions for 10 years. OOps!, they forgot to take into account that the pensioners were living longer, more of them were taking early retirement, the cost of medical care was going up and before they could do anyhting about reinstating the employers contributions..... Bang!, loads of pension funds were down to the dregs. Now I suppose that the government could leave the now "Improving" pension fund sitting there, but just in case there is another Robert Maxwell eyeing it up, it's probably safer in the governments hands!