Number of contracted out DB members falls

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The number of active members of defined benefit (DB) schemes who have contracted out of the additional state pension fell between 2008 and 2012, says the Office for National Statistics (ONS).

The total number dropped from 2.4 million to 1.4 million, while the percentage of active members in contracted out schemes dropped from 91% to 84%. The ONS figures show that members making highe...

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