J
JudgeDredd
Guest
The company were I work is now trying to persaude the remaining employees on DB pension to move to DC!
As an "incentive" they have stated that as the DB fund is in deficit ,if we wish to remain with it we will have to double our contribution with reduced benefits!
The compant is extremely profitable and the deficit could easily be picked up however I feel the company is using the economic climate to intimidate people to move.
The main bone of contention for me is the increased premiums for lesser benefits, also I wonder contractually if the company can do this?
As an "incentive" they have stated that as the DB fund is in deficit ,if we wish to remain with it we will have to double our contribution with reduced benefits!
The compant is extremely profitable and the deficit could easily be picked up however I feel the company is using the economic climate to intimidate people to move.
The main bone of contention for me is the increased premiums for lesser benefits, also I wonder contractually if the company can do this?