Kodak trustees launch new scheme after ground-breaking deal

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Trustees of the Kodak Pension Plan (KKP) have launched a new scheme for its 15,000 members after reaching an unprecedented agreement to keep them out of the Pension Protection Fund.

In the deal KPP aquired two businesses from the sponsoring employer, which is in chapter 11 bankruptcy. In return the company was released from a £1.8bn claim to fund the scheme and a payment of up...

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