29/06/2011
Proposal from the Nuclear Decommissioning Authority (NDA) to merger the GPS Pension Scheme (GPS) with the Combined Pension Scheme (CNPP)
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The Principal Employer is the Nuclear Decommissioning Authority.
The Scheme is divided into 6 sections. Each section contains a Section Lead Employer and other employers:-
| Section Lead Employer | Section | Other employers in the section |
|---|---|---|
| NNL | Nexia | None |
| British Nuclear Group Project Services Limited (Ceased participation January 2008) | Project Services |
BIL Solutions Limited (Ceased participation January 2008) Deva Manufacturing Services Limited (Ceased participation January 2008) |
| Sellafield Limited (formerly British Nuclear Group Sellafield Limited) | SLC |
Springfields Fuels Limited |
| WEC UK Limited | WEC/UAM | Uranium Asset Management Limited |
| Reactor Sites Management Company Limited | Reactor Sites | None |
| Direct Rail Services Limited | DRS | None |
As part of the discussions with the NDA, the Trustee agreed to the creation of a 'Defined Contribution' structure within the Scheme. As such, each newly created section of the Scheme has the ability to admit new members on a defined contribution membership basis. The GPS defined contribution structure has been set up to mirror the defined contribution structure set up by the NDA in the Combined Nuclear Pension Plan (CNPP).
© GPS Pension Scheme 2009.