defined benefit

The Rail, Maritime and Transport union has called off a ballot for industrial action in protest against reform to the East Midlands Trains pension scheme.

The Rail Maritime and Train union will ballot its members for industrial action over the continuing dispute concerning the East Midlands Trains section of the Railways Pension Scheme.

A High Court decision handed down on Monday may have set a precedent on the treatment of early retirement benefits when companies sell part of their businesses.

Civil servant scheme members of Prospect have voted by four to one to accept the government's reform package for the Principal Civil Service Pension Scheme after a year of negotiations.

The combined liabilities of the largest UK charities' defined benefit schemes has reached almost £5bn, accountancy firm BDO says.

Guidance issued by The Pensions Regulator last Friday sends a clear message that it will be flexible when dealing with employers that are unable to fund scheme deficits through cash contributions, says the watchdog.

Ford Motor Company has offered retired members of its US defined benefit pension scheme lump sum payments in order to reduce its liabilities, according to reports.

East Midlands Trains drivers belonging to the ASLEF union have voted to strike over six days in protest at changes to their scheme.

Tesco is consulting with staff on increasing the retirement age of its career average defined benefit (DB) scheme from 65 to 67.

The Pensions Regulator has ruled out releasing its forthcoming scheme valuation guidance before April despite union calls for action.