BBC agree to new payment plan to try and bridge pension deficits
The BBC will make annual contributions until 2028 to reverse the current £1.8bn deficit of its defined benefit pension scheme.
The television network as agreed to a new repayment plan, which will imply paying £2.37bn over the next 11 years.
Next year alone, BBC will pay £340m, according to the company’s annual report.
The new repayment plan is the result of a triennial actuarial valuation, completed in June 2017.