Debenhams agrees eight-year recovery plan as schemes move into surplus

Stephanie Baxter
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Debenhams has agreed to pay a total of £76m into its defined benefit (DB) schemes over the next eight years following the completion of the fund's triennial valuation in June.

The department store chain will contribute £9.5m to the schemes each year from 1 April 2014 to 31 March 2022, according to its full-year results published today. The funds, which were in deficit...

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