Financial Times FT.com

Final salary pension members drop further

By Nicholas Timmins, Public Policy Editor

Published: September 24 2008 04:29 | Last updated: September 24 2008 04:29

Active membership of private sector defined benefit pension schemes – usually referred to as “final salary” schemes – dropped by a ­further 10 per cent last year, official figures revealed ­on Tuesday.

Membership of such schemes in the public sector, however, rose marginally, underlining the growing gap between the generosity of public and private sector pensions.

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