Unions urge members to back Tata Steel's plans to replace DB with DC

Michael Klimes
clock • 3 min read

Unions have urged steel workers to accept Tata Steel UK's proposals to close the British Steel Pension Scheme (BSPS) and replace it with a defined contribution (DC) plan.

A joint statement issued by Unite, GMB and Community on 26 January to members said they should vote for plans to overhaul the pension scheme which were set in a consultation last December.  Tata...

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