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Atkins pension plan agreement

05 April 2017 07:35

WS Atkins has reached agreement with the trustee of the Atkins Pension Plan on the 2016 triennial actuarial funding valuation and associated recovery plan. The group said that at 31 March 2016 the valuation showed a funding deficit of £318 million.

It said: "A level of company contributions has been agreed over a repayment plan period to March 2025, consistent with the 2013 repayment plan.

"The Group will pay £34.5 million in the financial year to 31 March 2018, with payments in the following years escalating at 2.5% per annum."

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Related Company: ATK

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