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The company said that it expects to pay £10.9m towards the deficit in its defined benefit schemes this year.
The Treasury will consult on whether people in private sector defined benefit schemes should have this freedom.
At the start of the process people thought we were going to lose our defined benefit schemes.
The deficit in the company's defined benefit schemes widened over the course of 2008 from £112m to £178m, partly because of rapidly increasing mortality projections.
A large number of directors' pensions are still in final salary or other defined benefit schemes, where annual payouts are guaranteed.
Additionally, the effect on defined benefit schemes will need to be tested as the cost and funding implications for these schemes could be significant.
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A study by the Association of Consulting Actuaries published this week found that nine out of 10 private sector-defined benefit schemes are now closed to new entrants and four out of 10 prevent existing staff building up further benefits.
Opponents say that would kill off defined-benefit schemes.
The PPF is funded by a levy on pension funds running defined-benefit schemes.
Another reason is that the red tape surrounding defined-benefit schemes has got much worse.
They can cut a few costs and try to win bulk annuity business from corporate defined-benefit schemes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com