BRIEF-Marks and Spencer reaches agreement with pension scheme trustees

LONDON Wed Nov 28, 2012 4:14am EST

LONDON Nov 28 (Reuters) - Marks and Spencer Group PLC : * Reached agreement with the company's pension scheme trustees * Valuation of co's UK defined benefit pension scheme at March 31 has resulted

in deficit of £290M * Company and the trustees have agreed a 10 year funding plan * Funding plan includes annual cash contributions of £28M from 2013/14 to

2016/17 * Funding plan also includes a reduction on the previously agreed £60M per

annum until 2017/18

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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