i get 8% to my 4% pension contribution here, as long as I never move I'll be rolling in it, innit

( Naked Ape call me Caitlyn, Fri 30 May 2014, 14:36, 1 reply, 11 years ago)

I was in a non contribution final salary scheme when I was at Coca-Cola. Schemes like that are pretty much closed by companies now.

( Fucking hell Jeff I am not a robot, Fri 30 May 2014, 14:39, Reply)

yeah mrs ape had one at her old job, and left before it matured :(

( Naked Ape call me Caitlyn, Fri 30 May 2014, 14:42, Reply)

I've been in a non-contrib final salary pension for the last 20 years.
The cunts have just frozen our pensionable salaries, so basically if I retire in (say) 20 years my pension will be based on what I'm on now, rather than my final salary. All I'm adding is 1/60 for every extra year served.

As I say, the cunts.
(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 14:55, Reply)

really the issue lies with your companies predecessors who sign off on a an unsustainable pension model

( Naked Ape call me Caitlyn, Fri 30 May 2014, 15:18, Reply)

Christ, it's not like the company hasn't made oodles of dosh over the years
They could just put a bit more in to sort it. The cunts.
(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 15:36, Reply)

it gets revalued in line with inflation

(dozers, do fuck off ur a nob m8, Fri 30 May 2014, 15:19, Reply)

That's something I guess, but it's stil pants.

(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 15:36, Reply)

even a frozen DB pension is preferable to a dormant DC pot
Assuming you have a DC scheme available to take over, it's AOK. Also, non contributory DB scheme and you're complaining? Fucking hell, that's some cheek.
(dozers, do fuck off ur a nob m8, Fri 30 May 2014, 15:45, Reply)

How is it?
When I started in 1995, it was part of the package. Now it's been cut to fuck and we've had no say in it. I don't see how that's cheek.

In fact - correction, we did have a say in it. We were 'consulted', thusly:

Them: Would you mind awfully if we cut your pensions to fuck?
Entire staff: Yes, we very much fucking well would.
Them: Oh, sozzers everyone. :'((((
(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 15:53, Reply)

you weren't paying in to it.
Therefore the guaranteed benefits available from it are worth way more than if you hadn't had any pension in place.
(dozers, do fuck off ur a nob m8, Fri 30 May 2014, 16:01, Reply)

Yes I understand the principles of a non-contributary final salary scheme
But if I was initially promised 'x' and I'm actually going to end up with much less than 'x' then that's shit, isn't it?
(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 16:05, Reply)

You really shouldn't take any notice of a photo copying clerk in a firm of financial advisors.
No doubt he's ok at choosing between the A3 and the A4, portrait or landscape, but your retirement? I wouldn't.
( Fucking hell Jeff I am not a robot, Fri 30 May 2014, 16:09, Reply)

He seems to be having difficulty understanding why I met be feeling slightly aggrieved, so I suspect that you may be correct.

(Reverend Fister "a disciplined fuckwit", Fri 30 May 2014, 16:27, Reply)

it is a poor show, but not the end of the world.
You haven't been financially disadvantaged. Quite the opposite in fact. Look on the bright side, you have a guaranteed income in retirement. Most people don't.
(dozers, do fuck off ur a nob m8, Fri 30 May 2014, 16:32, Reply)

Be quiet. Stop claiming to know something that your employers know, but you don't.

( Fucking hell Jeff I am not a robot, Fri 30 May 2014, 16:44, Reply)

I know because I have to know.

(dozers, do fuck off ur a nob m8, Fri 30 May 2014, 16:54, Reply)