BT and CWU agree to new 'hybrid' pension scheme
The closure of the BT Pension Scheme (BTPS) to future accrual means 20,000 active members will move to an 'enhanced' defined contribution (DC) scheme, after the company reached a deal with the union.
Against the backdrop of a spiralling deficit that was last measured at £14bn, the defined benefit (DB) scheme will close to future benefits from 31 May, following an agreement reached between BT and the...
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