Carclo agrees new funding deal with pension scheme

Sponsors to pay £3.5m in additional deficit repair contributions each year

clock • 1 min read
Carclo agrees new funding deal with pension scheme

Engineered solutions provider Carclo has agreed a revised and extended funding arrangement with its pension scheme trustees after a fall in its deficit.

Over the next three years, the employer has agreed to pay future deficit repair contributions at a base position of £3.5m annually plus 25% of any surplus above adjusted earnings before interest, t...

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