WS Atkins moves to eliminate pension deficit

Engineering firm WS Atkins is to pay funds into its occupational pension plan in a bid to eliminate its deficit by 31 March 2014.

According to the firm’s latest trading statement, the scheme’s actuarial deficit was estimated at £215m at 1 April 2007. As part of the recovery plan, Atkins has already contributed £37.5m in the year to 31 March 2008 and a further contribution of £12.5m on 1 April this year.

Over the next six years, it plans to make additional contributions of £32m per annum.