Question re pension scheme

Yes, you are right. Salaries have on average risen 1% to 2% a year more than the RPI, with promotional increases possible on top of that. Sounds like a cost-saving measure for your company. Is there no quid pro quo?

Basically i work a mix of normal daytimes and various shift patterns. This is all counted as pensionable pay. Overtime outside these arrangments is not counted. The company wants to move to an annualised hours system and abolish the concept of shift patterns. I.E a shift would be a "normal" work pattern. To me it seems all take and no give. In addition,it appears that others who do other job functions (eg office based) are not being asked to adopt the same pensionable pay protection mechanism. It sounds decidedly dodgy to me.

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Try one of the advice organisations

Daytona

Are you sure that it really is linked to the RPI? Check out whether there is some small print that means it rises at the RPI or, say, 5% pa whichever is the smaller. Mine does :-(

Robert

Hmm,i.ll look at that. As a comparison, does £24k sound ok for someone who;s early forties and still has a bit to go?

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