Heathrow cuts future accrual to keep DB scheme open

Stephanie Baxter
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Heathrow has unleashed a number of changes to its final salary scheme to reduce ongoing costs and deliver more affordable benefits to employees.

The changes, which apply to active members of the BAA scheme, include capping future increases to pensionable pay at 2%, and changing the accrual rate from 1/54th to 1/60th of pensionable pay. T...

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