23 June 2009
Dairy Crest, the dairy foods company that still delivers milk
door-to-door, is holding talks with the 3,300 employees who are
members of its defined benefit pension scheme about how to curtail
retirement costs, including closing the scheme to current
workers.
Group finance director, Alistair Murray, said that other options
included reducing the rate at which workers build up a pension,
changing the definition of pensionable pay or basing pensions on
average earnings over a career rather than as a percentage of final
salary.
Mr Murray added, "We want to hold a proper consultation but no
firm decision has been made."
