De La Rue Wins Battle Over Pension Scheme Final Salary Rule

By Lucia Osborne-Crowley (January 17, 2022, 5:33 PM GMT) -- A London judge has ruled that a pension scheme for a company that prints banknotes is not on the hook for an extra £20 million ($27 million), finding in favor of the business on a question of how the retirement plan should be interpreted.

Judge William Trower ruled at the High Court on Friday that De La Rue PLC, a 200-year-old company that prints notes for the Bank of England, was right to interpret a provision of the pension scheme for employees who leave the company before their retirement age in a manner that limits those payouts.

The provision in question...

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