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

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

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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