Fletch
Striker
redundancies on horizon at work , have a final salary pension scheme that paid into for 30 year now , when get the chop it triggers the pension in couple year when I turn 50, but was under impression would get 30/80ths of pensionable salary rather than the 40/80ths you would get if retire after age60 with full 40 years service in the pension scheme .
However have since found out that because I joined before a certain date in the scheme I (and couple others) are classed as "Protected employees" and our pensions on redundancy are with "Unreduced benefits".
Any experts on here know what this means ?
Thanks in advance .
Cue... yeah it means your benefits aren't reduced and you're protected
However have since found out that because I joined before a certain date in the scheme I (and couple others) are classed as "Protected employees" and our pensions on redundancy are with "Unreduced benefits".
Any experts on here know what this means ?
Thanks in advance .
Cue... yeah it means your benefits aren't reduced and you're protected