UK - Shipping group Maersk has promised to give Sea-Land Service Pension Plan members any minimum funding requirement surplus that would otherwise be used for wind-up costs.
The move – which the company sees as a goodwill gesture to members who face having their pension entitlement cut by 60% – comes after trustees told Sea-Land members that the scheme was funded margi...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- 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