TITLE

Freshfields partners' final salary pension scheme faces the chop

AUTHOR(S)
Power, Helen; O'Connor, Joanne
PUB. DATE
April 2005
SOURCE
Lawyer;4/4/2005, Vol. 19 Issue 13, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Freshfields Bruckhaus Deringer senior partner Anthony Salz has kicked off a controversial review of the partners' treasured final salary pension scheme. Freshfields previously attempted reform 12 years ago, but in an unusual move for such a consensual firm, the change was blocked by older partners. Under the existing regime, retired partners share in the profit the firm earns in any given year. A partner retiring at 55 or over would get one fifth of the amount a working partner receives that year.
ACCESSION #
16775634

 

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