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Reuters
For 10 years, the Carillion pension trustees tried to get the company to pay in more money to the scheme without success.
There was no agreement from 2008 onwards between the company and the trustees about the correct level of contribution over that decade and according to Robin Ellison, the chair of the trustees, there was precious little the guardians of the pension could do about it.
In fact, the bigger the deficit and the worse the company’s fortunes, the more powerless the trustees felt.
Towards the end, they said they were prepared to give the company a pension contribution holiday to help …
Read the full article at: http://www.bbc.com/news/business-42871054