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Pilkington Superannuation Scheme (PSS)
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2013
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Cap applied to pensionable salary
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| 2008 |
PSS closed to new entrants |
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2000
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Pilkington Executive Pension Scheme merged into PSS
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1998
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PPS and PSS merged into one scheme called PSS
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1984
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VPS merged.
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1983
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Staff Widows Fund merged
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1980
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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.
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1978
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Contracted out of SERPS.
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1975/6
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Separate RBS (Retirement Benefits Scheme) created. Provision for life cover and retirement lump sum.
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1968/9
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Widows pensions introduced. Sixtieth pensions formula and disregard introduced.
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1967
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Voluntary Pension Scheme (VPS) formed.
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1962/63
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PSS formed by combination of Superannuation, Augmentation & Chance Superannuation Funds
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1954
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Separate voluntary Staff Widows Fund created.
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1950s
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Voluntary contributions level increased.
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1939
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Augmentation fund set up. Pensions to be approx. 1% of salary per year of membership.
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1925
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Workmen's Pension Fund (WPF) introduced. Contributions were one shilling and two pence (6p) a week.
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1918
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Pilkington Superannuation Fund established. Member and Company each pay 2 1/2% of salary.
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