Number of final salary schemes dwindles further

August 2009
People Management;8/27/2009, Vol. 15 Issue 18, p11
The article presents results of a survey of British companies conducted by Watson Wyatt. The survey found that half of companies with defined benefit pension schemes are expecting to close them to their workforce by 2012. The research revealed that 75% of firms had already closed defined benefit schemes to new entrants, while 48% of those companies will close the scheme to existing employees within three years.


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