NOW LIVE: The Forum 'Ask An Expert' event. The theme is ENERGY. Please post your questions on bills, switches, alternative fuels etc. Our expert MSE Andrew will answer as many as possible

Voluntary redundancy - Pension

I'm soon to take redundancy and have a question on the company pension contribution.
They have to give me 3 months notice, so they are intending that I work 1 month and then finish up and they will pay PILON for the remaining 2 months. But they are saying will don't pay the DC pension contributions for the 2 months of PILON as I would no longer be an employee.
Is this correct ?

Comments

  • lincroft1710
    lincroft1710 Forumite Posts: 16,992
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    In the circumstances you cease being an employee as soon as you stop working which would be on the final day of the agreed one month's notice. With PILON you effectively get paid for not working.. 
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
Meet your Ambassadors

Categories

  • All Categories
  • 338.8K Banking & Borrowing
  • 248.6K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.7K Work, Benefits & Business
  • 600.8K Mortgages, Homes & Bills
  • 171K Life & Family
  • 244K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards