Tokyo Electric Power Co. may need to cut pensions to acquire ready cash to compensate people affected by the Fukushima No. 1 nuclear plant crisis if a government panel examining the utility's assets deems this necessary, Tepco Chairman Tsunehisa Katsumata said Friday.
"(The corporate pension) is a really difficult issue to deal with, as it is protected by special legislation. But we will consider various things, like lowering its interest rate when we receive suggestions from the panel," Katsumata told reporters after attending a meeting of the panel to explain Tepco's current financial situation and outlook.
To slash pensions, Tepco needs to get approval from two-thirds of its pensioners and employees who are paying pension premiums, as was the case with Japan Airlines.
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