State-owned UK pension plan sponsor Royal Mail plans to close its final salary pension scheme to new entrants in a bid to tackle its pension deficit, which has hit 6.6 billion, even while it says it will look at how it can safeguard the final salary scheme for existing members. About 167,000 of Royal Mail’s 190,000 workers are currently paying into its pension scheme, while the company itself is trying to plug the gap with payments of 730 million a year, according to the BBC.
Royal Mail Closes Defined Benefit Pension Plan To New Entrants To Cut Deficit
State owned UK pension plan sponsor Royal Mail plans to close its final salary pension scheme to new entrants in a bid to tackle its pension deficit, which has hit 6.6 billion, even while it says it will look at
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