Merchant Navy Officers Pension Fund closes DB to future accrual
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
The decision to close the DB scheme to future accrual from 31 March 2016 followed discussions with both employer and employee representatives. This included a member consultation and opportunities for...
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