Letter: After Maxwell

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The Independent Online
I WAS disappointed to see reported in the article 'What John Smith left behind' (19 June) that following Robert Maxwell's death, the pension of every Mirror Group employee went down. Immediately after Maxwell's death, there was a fear that this would happen because of the loss of pension scheme assets which had occurred. But in the event all Mirror Group pensions have continued to be paid.

Mirror Group plc has agreed to re-finance the pensions of all its current and former employees, no matter how much or how little of the missing funds are recovered, and a large provision was made in its accounts to reflect this commitment.

This has restored a sense of security to present and former Mirror staff. It would be a pity if this were again to be undermined by currency being given to ill-founded statements which give the contrary impression.

Colin Cornwall

Chairman

MGN Pension Trustees Ltd

London EC1

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