Ryanair winds up DB scheme

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Ryanair has closed its defined benefit (DB) scheme to existing members after paying in €12.5m (£10.4m) to plug its deficit.

The budget airline announced yesterday that it had wound up the scheme, which had 121 active members, on 30 December. It had been closed to new joiners since 2000. Ryanair said it had agreed to contribute...

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