Pilkington Superannuation Scheme

Pilkington Superannuation Scheme(PSS)

2000

Pilkington Executive Pension Scheme merged into PSS

1998

PPS and PSS merged into one scheme called PSS

1984

VPS merged.

1983

Staff Widows Fund merged

1980

WPF converted into the Pension Scheme by merger of RBS and contracting out of SERPS. Pensions linked to career revalued average instead of money purchase.

1978

Contracted out of SERPS.

1975/6

Separate RBS (Retirement Benefits Scheme) created. Provision for life cover and retirement lump sum.

1968/9

Widows pensions introduced. Sixtieth pensions formula and disregard introduced.

1967

Voluntary Pension Scheme (VPS) formed.

1962/63

PSS formed by combination of Superannuation, Augmentation & Chance Superannuation Funds

1954

Separate voluntary Staff Widows Fund created.

1950s

Voluntary contributions level increased.

1939

Augmentation fund set up. Pensions to be approx. 1% of salary per year of membership.

1925

Workmen's Pension Fund (WPF) introduced. Contributions were one shilling and two pence (6p) a week.

1918

Pilkington Superannuation Fund established. Member and Company each pay 2 1/2% of salary.