Bank of England anyone?

Livanto

Anyone works or know about Bank of England? Is it true that their employees have 50% of their salary contributed to pension by the employer?

xapprenticex

Have you googled it? Im sure it would be there if it were true.

DCFC79

Livanto wrote: »

Anyone works or know about Bank of England? Is it true that their employees have 50% of their salary contributed to pension by the employer?

Why are you asking ?

Are you thinking of applying, in the process of applying or just curious ?

Im guessing its the first 1.

Andy_L

No. They were, a few years ago, paying about 50% of their pay bill into theie final salary scheme but that was to fill funding shortfalls which is not the same as receiving 50% of your salary paid into a personal pension

Lisbon

You had only had to google to get the answer - e.g. https://www.theguardian.com/business/2016/sep/12/bank-of-england-attacked-50-pension-contributions

Livanto

Lisbon wrote: »

You had only had to google to get the answer - e.g. https://www.theguardian.com/business/2016/sep/12/bank-of-england-attacked-50-pension-contributions

I already know the article, I am asking if it is still true, duh

steampowered

Funding a pension deficit (which funds people who have already retired, when they live longer than originally expected) is NOT the same as contributing 50% of salary into a pension for current employees.

Dox

Livanto wrote: »

I already know the article, I am asking if it is still true, duh

You don't seem to understand what you are being told (and told very clearly).

pmduk

Livanto wrote: »

I already know the article, I am asking if it is still true, duh

That's hardly the way to get help and answers to a question.