Final Salary Pension

MikeJones_2

On a tangent with the original post, of course if you take a reduction in salary which is what is being negotiated by many employers (rather than redundancy) because of the current economic situation, active members of 'final salary' type schemes in those circumstances would need to take consider the impact on their pensions.

Mike Jones

I work in the field of Pension Education and Pension Guidance in the UK. I am a current member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.

chesky369

If you go back to the first reply, Jem was correct - in the end it depends on each scheme's rules and how they are interpreted. And if there are various ways of interpretation, then it will be the trustees who have the final say.