Under scheme presented to court, the entitlements of 13000 pensioners below retirement age will be reduced by 10%Thousands of BHS pensioners are to have their pension entitlement cleave after the retailer launched insolvency proceedings.
Nearly 13000 current and former BHS employees who are under retirement age will have their pensions cleave by 10%. Those who have already retired but are still below the official retirement age will have their pension payments cleave within months. It is not currently clear how many people this will affect.
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Source: theguardian.com