3rd Mar 2022 11:58
De La Rue PLC - Basingstoke, England-based security printed products maker - Actuarial valuation of pension scheme as at April 5, 2021, which was brought forward from December 31, 2022, shows a scheme deficit of GBP119.5 million, narrower than the GBP177 million that had been assumed under the schedule of deficit repair contributions that had been agreed with pension trustees in May 2020. As a result, the deficit can be funded through deficit repair contributions remaining flat at GBP15 million per year from April this year to March 2029, rather than stepping up to GBP24.5 million per year. This will result in a GBP57 million reduction in total payments by De La Rue into the pension scheme. Read More
