
During the Scheme year under review, employees of UK
companies within the Kingfisher Group were able to join
the Kingfisher Pension Scheme, subject to certain eligibility
conditions.
The Pension Scheme is a hybrid scheme, providing ‘money
purchase’ benefits (i.e. based on what a member’s
accumulated fund value will purchase at retirement)
for all employees recruited on or after 1 April 2004
or who otherwise elect to be provided with such benefits
and ‘final salary’ benefits (i.e. based
on a member’s salary and service) for employees
who joined the Scheme before 1 April 2004.
This Report gives information about the Scheme and its
management during the Scheme year 2005/2006.
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