Tesco agrees DB funding plan as deficit rises to £4bn

Stephanie Baxter
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Tesco has agreed to pay £270m in cash each year to plug the £3.9bn deficit of its defined benefit (DB) pension scheme.

The supermarket giant announced the funding plan today as it revealed the scheme's deficit on an accounting basis increased 50% from £2.6bn last year to £3.9bn at the year-end. Tesco said this w...

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