Royal Mail's union floats risk sharing scheme to save DB

Stephanie Baxter
clock • 3 min read

The Communication Workers Union (CWU) is calling on Royal Mail to merge its defined benefit (DB) and defined contribution (DC) members into a risk sharing pension scheme.

The union has dubbed the proposal a "compromise solution" to the postal service's plans to close the DB scheme to future accrual, while at the same time bridging the gap between DB and DC provision...

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