EUROPE - KAS Bank will adjust its e108m final pay pension scheme to a combined final pay and average pay scheme with effect from January 1, 2005.
Announcing the move, the bank said 97% of scheme participants had agreed to the change, which will see current participants start paying a contribution from July 2006. Under the transfer, the ba...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
