The scheme aims to give young people a recognised qualification and a clear route into management, with career opportunities in stores, logistics, head office and manufacturing sites.
The deal was completed in March 2025 and covers the benefits of more than 32,000 deferred members in the Cash Balance Plan.
Morrisons is restructuring its retail people team, placing over 200 roles at risk of redundancy as part of its cost-cutting measures.
Morrisons employees may strike in response to pension changes that could leave them £500 worse off annually, amidst broader disputes over working conditions.