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UKAEA will run a nuclear industry pension plan |
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The NDA has chosen the UK Atomic Energy Authority to manage an industry-wide pension plan for nuclear workers no longer eligible for existing public sector plans as competition in the UK nuclear cleanup market. According to the NDA, the new plan, to be administered by its Thurso Pensions Office, will start in August, in readiness for the first members expected to join on completion of British Nuclear Fuels plc's sale of its Westinghouse subsidiary to Toshiba. These will be the workers at the Springfields site license company, managed by Westinghouse. "Eventually up to 14,000 nuclear industry employees could be eligible to join" the plan, said UKAEA, as Nuclear Decommissioning Authority's 20 civilian nuclear sites start opening up to full competition. UKAEA said that its contract to administer the pension plan would initially run for three years. For the NDA, employees of the nuclear site license companies who transfer into the new program will be provided with benefits "no less favourable" than those they currently have. |
