Rolls-Royce to close DB schemes
In an effort to smooth out its pension costs, Rolls-Royce has closed its remaining two large defined-benefits schemes, the Rolls-Royce Group Pension Scheme and the Vickers Group Pension Scheme, to new entrants with effect from 1 April 2007. The largest scheme, the Rolls-Royce Pension Fund, was closed to new entrants some years ago.
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