General   (General discussion, talk about anything.)

and here,s the proof gaffer . Surplus sharing
We are often asked why the split of surplus sharing is 50/50 and the simple answer is that this was part of
the arrangements negotiated between the Government of the day and the Trustees in 1994. The power to
change this arrangement lies jointly with the Guarantor and the Trustees. Neither party can change the
arrangements without the agreement of the other party. Since 1994, in reflection of the changing financial
circumstances of the Scheme, the Trustees have asked the Government to re-consider the terms of the
Guarantee, including the surplus sharing arrangements, on a number of occasions. The Government has
made it repeatedly clear in its response to the Trustees’ requests that it does not regard the 1994
arrangements as being unfair and that it has no intention of agreeing to changes that are not in its interests.