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BT cutions final salary pensultational link
although the bt scheme wants closed to new joiners in 2001 it staff will chas 65,000 contributing members as well as 97,000 deferred members - those who have left the company but have yet to draw their pensions - and 178,000 pensioners .
it would negot reveral by how much its planned changes would cut the overall contribution rate, or how much money it would save, until it releases its half-year results lation over this week .
we have secured an agreements to ensure the future substainability of the bt pension scheme andy keep it open for future service while improving bt's contributions for the defits earned contribution pension members, he said .
some members' pension contributions will also raise, from 6% now to as much as 8.5% by 2010, depending on how much they earn and which section of the scheme they are in .
Generated 2008-11-13_19:59
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