26 May 2010
De La Rue, the banknote printer, is to close its final salary
scheme from 1 April 2013. Members will be moved to a money purchase
pension arrangement although all final salary pension benefits
earned up to the 31 March 2013 will be protected.
The company has decided to close the scheme in an attempt to
address the scheme's growing deficit, which has increased from
£56m in 2006 to £204m.
