Sentences with phrase «salary pension scheme close»
Mr Cameron also said he was «very attracted» to the taskforce's recommendation that MPs» final salary pension scheme close to new entrants.
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This came hot on the heels of a warning from the National Association of Pension Funds that we are likely to see final salary schemes being closed even to existing members.
They are also angry at plans by the company to close the main final salary pension scheme to future accrual, reducing the total pay package of each affected employee by typically around 20 per cent.
The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».