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| Version 0 | Version 1 |
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| Mail pension deficit over £5.9bn | Mail pension deficit over £5.9bn |
| (10 minutes later) | |
| The Royal Mail's pension fund deficit is bigger than the £5.9bn quoted in the Hooper Review, according to a letter from its trustees, seen by BBC News. | The Royal Mail's pension fund deficit is bigger than the £5.9bn quoted in the Hooper Review, according to a letter from its trustees, seen by BBC News. |
| Current government proposals involve that bigger-than-expected deficit being funded by taxpayers. | |
| In the letter, the chair of trustees, Jane Newell, warns that the deficit is so big that the Pension Protection Fund would struggle to support it. | In the letter, the chair of trustees, Jane Newell, warns that the deficit is so big that the Pension Protection Fund would struggle to support it. |
| The trustees support the government's plan for a part-sale of the business. | |
| The government's proposals, based on the Hooper Review, are due to be introduced in Parliament on Thursday. | The government's proposals, based on the Hooper Review, are due to be introduced in Parliament on Thursday. |
| Ministers want to sell a stake of about 30% to the private sector to help pay for the modernisation of the service. | Ministers want to sell a stake of about 30% to the private sector to help pay for the modernisation of the service. |
| BBC business editor Robert Peston describes the hole in the pension fund as shocking, especially as it is planned to be a liability for taxpayers. |