Your Employer's Pension Scheme - Who has the best pension?

Dick_here

The ones with a current good scheme are probably the places to leave - they'll have to change eventually and the change will have to be even worse than for those that already have downgraded.

bigturnip

I wouldn't put too much faith in these results, the last three people apparently all have final salary schemes with set employer contributions!

doingwhatican

a - My employer
b - not final salary
c - open
d - 3% and 3%
e - retiring currently at 60

brazilianwax

a) Civil Service - Premium
b) Final salary, contracted out, 1/60ths, option to take lump sum, Full RPI indexation
c) Closed to new entrants
d) Employee:3.5%. Employer: whatever it takes (usually between 17% and 26.5%)
e) Normal Retirement age: 60

Dick_here

a) Large manufacturing/direct selling company
b) Career average (was Final Salary until 2 years ago, benefits built up in that will still be paid out as such)
c) Closed - Money Purchase to new members
d) Employee 5% (4.75% with Salary Sacrifice), 1/65ths accrual, can pay extra 2% for 1/60ths accrual, Employer 11% (does not contribute extra for 1/60ths).
e) 5% reduction per year of retirement prior to age 65 (use to be from 60 in Final Salary scheme).