EDS 1994 scheme secures £1.1bn full buy-in with PIC

Mega deal secures 3,000 pensioners and 2,300 deferred pensioners

Hope William-Smith
clock • 1 min read
EDS 1994 scheme secures £1.1bn full buy-in with PIC

A mammoth £1.1bn full buy-in deal has been secured by the Electronic Data Systems (EDS) 1994 Pension Scheme with Pension Insurance Corporation (PIC).

The deal insurers retirement benefits for a total 3,000 pensioners and 2,300 deferred pensioners and comes ahead of an expected full buyout. EDS 1994 Pension Scheme chair Ian Wilson said: "The t...

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