The closure of the BT Pension Scheme (BTPS) to future accrual means 20,000 active members will move to an 'enhanced' defined contribution (DC) scheme, after the company reached a deal with the union.
Against the backdrop of a spiralling deficit that was last measured at £14bn, the defined benefit (DB) scheme will close to future benefits from 31 May, following an agreement reached between BT an...
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