UK - Whitbread is set to close the defined benefit section of its group pension fund to future accrual at the end of 2009.
The hotel and restaurant group said the move followed a four-month consultation period and would affect around 800, or 3%, of its employees.
The firm said it would also make improvements to the defined contribution section of its fund and extend the eligibility for this scheme to a further 14,000 employees.
It closed its defined benefit pension scheme to new members in 2002.
Whitbread pensions director Lesley Williams said: "The changes will bring the pension benefits across the business into line and ensure that we offer fair pension benefits to all.
"Extending eligibility for the pension fund and improving the level of employer contributions will continue to ensure attractive benefits for Whitbread employees and for those joining the business."
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.