A final-salary pension scheme that has brought volatility to the financial performance of the North of England Protecting and Indemnity Association may be restructured.
The Newcastle-based club has hired pension consultants to see what can be done about the defined-benefit scheme, which counts 80 current staff as members, in addition to former employees who are already drawing retirement benefits.
A pension fund deficit threatens to wipe out the profit the North of England was set to make in an otherwise good year.
The
