My employer has announced that it proposes to suspend its contribution to my DB pension for the next two years. The pension scheme does not have a surplus such that would justify this. If the employer suspends their contribution my understanding is that I cannot contribute thereby impacting on all my benefits through length of service etc.
My question is can they do this? The company is not in such difficulty as that would warrant this action - 77k off last year, year to date.
Any advice as to when and if an employer can do this and what to do if they try would be greatly appreciated.
susan
My question is can they do this? The company is not in such difficulty as that would warrant this action - 77k off last year, year to date.
Any advice as to when and if an employer can do this and what to do if they try would be greatly appreciated.
susan