We are being threatened with closure of our DB scheme. We have about 30 members and we are lucky in that we do not have a fund deficit. Irrespective the employer is adamant to seek closure of the scheme. We are to be offered a DC scheme as replacement. No terms of this have been given to us yet.
The trustees tell us there is little they can do to prevent this. Is there any defence we can mount or is this now simply an industrial relations matter.
The trustees tell us there is little they can do to prevent this. Is there any defence we can mount or is this now simply an industrial relations matter.