UK - Micro-electronics firm Zetex has been forced to rethink plans to increase staff contributions to its final salary scheme following angry responses from workers.
Zetex’s 500 staff were told contributions would have to increase from 5% to 8.5% if they wanted to retain a 1/60th accrual rate. Maintaining contributions at 5% would give them a 1/80th accrual ...
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