Quote:
Originally Posted by Mr_love_monkey
Personally, I'd quite happily pay an extra 2% if it meant my employer paid 21%..
Incidentally - is your pension payout guaranteed? -i.e. does not fluctuate with the stock exchange?
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Nothing is guaranteed. They are changing the way it is calculated, so that you get far less. And that's just the tip of the iceberg.
If you had spent 15 years in a career, with relatively low pay for the job, but with the promise that at the end of your career you will get a decent pension. Then I'm sure that you would be slightly miffed.
Remember 14% is a huge chunk to pay from your wages. There are many people considering pulling out of the pension scheme (which was compulsorary when I started). And if only 2% pull out, then it will actually cost the government more.
---------- Post added at 22:05 ---------- Previous post was at 22:04 ----------
Quote:
Originally Posted by Hugh
So my pension fund is lying to me and all the other members re Employers Contributions of 13%?
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Like I said, I'm not here to argue. If you want all the figures, then go to the link for the FBU website.