Royal Mail and CWU agree to introduce UK's first CDC scheme

Stephanie Baxter
clock • 3 min read

Royal Mail and the Communication Workers Union (CWU) have agreed in principal to work towards introducing a collective defined contribution (CDC) scheme for all employees.

  According to a statement on the London Stock Exchange today, the agreement which will be voted on by the union's members also includes closing the defined benefit (DB) scheme to future accrual...

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