BT to inject £12bn over a decade to plug DB deficit

Kim Kaveh
clock • 3 min read

BT and the trustee of its pension scheme have agreed to contributions totalling £12.3bn over 13 years to plug its actuarial funding deficit.

The BT Pension Scheme's (BTPS) deficit was recorded to be £11.3bn on an actuarial basis as at 30 June 2017, and has increased by £4.3bn from June 2014. According to the telecommunications giant, th...

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