• News & events
• Archived news releases
• 2010 archived press releases
• Cameron’s promise on NHS is ‘two-faced’ says Unite
• Gatwick airport porters to strike over zero pay rise
• Unite outraged at shocking mistreatment of Flyglobespan workforce and passengers
• High Court denies BA cabin crew right to strike - but Unite determined to reballot
• A letter from Unite’s joint general secretaries
• Steria signs pension agreement with unions and employee representatives
• Unite suspends strike action by baggage handlers at Heathrow and Aberdeen
• Debt-heavy Kraft could put 30,000 Cadbury jobs at risk, warns Unite
• Unite members “devastated” by Edwards proposal to offshore 220 jobs
• Global union challenges aggressive behaviour of Crown Holdings

Steria signs pension agreement with unions and employee representatives

17th December 2009

Steria has today signed a landmark agreement with its union and employee representatives to move to a new defined contribution pension scheme for Steria UK employees. 

Following a three-month period of consultation, the groundbreaking deal, which commences 1st April 2010, sets a new standard in UK for employee and industrial relations.

Under terms of the agreement, Steria will close the defined benefit scheme to future accrual.  Based on a set of agreed assumptions, Steria will instead offer employees access to a Steria defined contribution pension scheme, on terms designed to replicate the level of pensions their defined benefits scheme currently provides.  The contract was signed in London, this morning, with unions Connect, CWU, Unite and the Steria Employee Forum.

Peter Skyte, Unite national officer for IT and communications said: “We welcome the outcome of intensive and constructive negotiations, and the fact that pensions of members will broadly mirror what they currently could expect under the final salary pension scheme. The approach taken by Steria towards these negotiations contrasts markedly with the approach taken by other companies.”

Ben Marshall, Connect assistant general secretary, commented: "Connect is delighted with this agreement. It is innovative and fair to our members, Steria and its customers. It will deliver good pensions and it will endure for the long term. It reflects well on Steria and on the unions representing its employees. It demonstrates what can be achieved when employers and unions work collaboratively."

John Torrie, UK CEO of Steria stated: “Steria is not alone in identifying the necessity to review pension provision, especially in light of the challenging economic environment and the falling asset values of the financial market.  We have worked tirelessly over the last four months in close collaboration with union representatives, employee representatives, and financial advisers to create what we feel is a great outcome for everyone”. 

ENDS