United Utilities reviews defined-benefit pension scheme
United Utilities, the UK's largest listed water company, has reduced its defined-benefit (DB) pension scheme costs by making changes to the accrual rate, member contributions, retirement age, and pensionable pay. The changes, which the company says will reduce pension costs for 2010/11 by approximately £7 million, affect the benefits of scheme members earned from 1 April 2010.
On this page:
Pensionable pay
capped
Accrual rate and other changes
Financial pressures.
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