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Royal Mail pension fund transfer due next month
Royal Mail pension fund assets and liabilities are set to be transferred to the government next month, subject to EU approval, the BBC understands.
The move means that Royal Mail pensioners will enjoy a state guarantee of their retirement benefits.
It also paves the way for the eventual privatisation of the Royal Mail.
The transfer - which was backed by the Communication Worker's Union - will provide a windfall gain to the government's budget of about £28bn.
http://www.bbc.co.uk/news/business-17423461
