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The pensions crisis

Whitbread closes final salary pension scheme

By Adam Jones

Published: September 4 2009 14:38 | Last updated: September 4 2009 20:04

Whitbread, the hotel, restaurant and café group, has become the latest big employer to close its defined benefit pension scheme to existing members.

The move by the owner of the Premier Inn and Costa Coffee chains followed the closure of the scheme to new members in 2002, and will affect about 800 people, or 3 per cent of its staff.

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