In 2003, to cut costs, the firm closed its final salary pension scheme to new employees.

BBC: NEWS | Business | Brewer calls time on free pension

Workers are angry over plans to close the final salary pension scheme to new recruits and reduce levels of pay.

BBC: Ford car logo

He piloted a bill through Congress that would have switched new employees at the institute to a pension scheme similar to the one used in the private sector.

ECONOMIST: Working in the official economy has its drawbacks

Mr. Cuomo had examined whether one of Mr. Hevesi's sons had received assistance in running for a seat in the state Assembly and whether the other won business in connection with a kickback scheme at New York's pension fund.

WSJ: Another Rajaratnam Named in Ring

Mr Barnett added he did not recognise the figures used in the report and Mr Boyd was focusing on a 30-year pension scheme that had been closed to new applicants in 2006.

BBC: Police officers (unidentified)

The regulator's powers, which include the broader oversight of pension-scheme funding, have assumed a new salience because of the debt-fuelled stream of mergers and acquisitions of the past couple of years.

ECONOMIST: The regulator takes on a tricky target

The basic problem is this: whereas an American employee can move from New York to Florida and stay in the same corporate pension scheme, a Belgian worker transferred to France has to join a separate French plan.

ECONOMIST: European pensions

The company said it was proposing to automatically enrol new employees into the new pension from 2012 and automatically enrol those workers not currently members of a Severn Trent scheme from 2013.

BBC: Severn Trent proposes pension changes

The new system will be funded in part by the early abolition of the state second pension, an earnings-related scheme.

ECONOMIST: A new state pension