The article reports that Scottish Power PLC will faces industrial action unless the company's chief executive Philip Bowman can reach a compromise with its union over its final salary pension scheme. The union Amicus expects to launch a possible strike unless a new pension plan can be negotiated...
Scottish utility powers down final salary pension scheme Closed to new members, age raised to 65, and 40-per cent hike in contributionsScottish utility powers down final salary pension scheme Closed to new members, age raised to 65, and 40-per cent hike in contributions...
(the Scottish Hydro-Electric Pension Scheme (the "SHEPS") and the Southern Electric Pension Scheme (the "SEPS"), together the "Pension Schemes") and currently, in aggregate, there is a net accounting surplus across the Pension Schemes, with a net pension scheme asset value of £541.1 ...
11 Pension Funds Risk The SSE Group is directly responsible for two defined benefit pension schemes — the Scottish Hydro Electric Pension Scheme and the Southern Electric Pension Scheme. These schemes have been closed to new employees since 1999, and new recruits since then have been offered ...
Scottish Widows Scraps Its Final Salary Pension SchemeRead the full-text online article and more details about "Scottish Widows Scraps Its Final Salary Pension Scheme" by Behar, Darren - Daily Mail (London), October 19, 2002By BeharDarren