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a pension is money paid to an employee when he leaves on reaching a certain age. in britain there is a compulsory scheme in which the employee must pay a fixed amount every week and the employer a larger amount. then on retirement the worker is supposed to get his state pension. nowadays, however, an increasing number of companies operate their own pension schemes so that they could give their employees more money to retire on. these schemes are usually governed, or ruled, by a trust deed. the trust is separate from the company. trustees are appointed and they hold meetings regularly, to approve money for pensions, examine the fund accounts and so on. every employee working for harper & grant, for example, must pay a certain amount of his wages into the fund. this money is invested so that it might increase its value, and after a certain period of employment the employee can qualify for a pension. as a result of the productivity drive, mr. grant wants to close down unprofitable departments. nearly all the redundant workers have been absorbed into other departments, but there is one, bob hardiman, who, mr. grant says, will have to go. he is a craftsman in the old style, that is, he is a carpenter able to do fine hand carving, which is now hardly ever required. ian hampden, the personnel manager, thinks that mr. grant is wrong. how can the firm get rid of someone who has been with the firm so many years

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