company pension contributions

[Normal Rob]

my company willl make a contribution of only 2.5% of my salary - which is piss poor.

how does this compare to where you work? i just want to make myself really angry...

 

[Publius Ovidius]

8.5% because I am old.

I pay 5% at the moment

 

[Lammy]

4% which I thought was piss poor. This is a flat rate an doesn't increase with length of service either.

 

[aftershavedave]

pension contributions (when paid) normally range from about 2% to a max of 12%, the average is something like 7-8%.

 

[Rusco]

I pay 6% and my company pay 9%. Final salary pension too

 

[Curious Orange]

my company willl make a contribution of only 2.5% of my salary - which is piss poor.

how does this compare to where you work? i just want to make myself really angry...

Your company has a scheme that they contribute to? You lucky git!!

 

[Springal]

Re: Re: company pension contributions

Your company has a scheme that they contribute to? You lucky git!!

wot he said

 

[Beach Hut]

My company has to match my 11.6 % by law

 

[Normal Rob]

My company has to match my 11.6 % by law

lucky old you - who is it that you work for?

 

[tinx]

I get 7.5% into mine and I can pay in up to the same myself but don't cos I can't afford to.

 

[perth seagull]

In Australia it is compulsory for an employer to contribute 9%.

On top of that I put in an extra 2%.

 

[Wardy]

I put in 6% though they are trying to get this changed to 7% and they put in 10% but want to decrease this to 7%.

 

[Beach Hut]

lucky old you - who is it that you work for?

I was a former Railway employee but post privatisation work for Atos Origin. I also pay an additional pension scheme they have to match - protected by the Railways Act of Parliament..........which is nice.

 

[Virgo's Haircut]

Railway Pensions are apparently one of the best in the land.

 

[Beach Hut]

Railway Pensions are apparently one of the best in the land.

Which is why I will not leave my current employer bearing in mind the free travel as well, only way out for me is redundancy or retirement.

BTW contribution is 11.08% not 11.6% as previously stated.

 

[binary]

The average employer contribution is the UK is currently 5% according to a benefits survey I read last week.

We currently contribute 4% with the College contributing 7%.

 

[sully]

I haven't had an employer contribute to my pension since I left BR in 1988.

 

[DIFFBROOK]

I dont contribute a penny to my pension (widows pension different, at 1.5% of salary). The Govt funds mine, depenedent on length of service and salary.

Oh and I get it at 60.

I work for the Civil Service, which means you pay my pension in taxes.

 

[Gritt23]

my company willl make a contribution of only 2.5% of my salary - which is piss poor.

how does this compare to where you work? i just want to make myself really angry...

and how much do you contribute?

I pay 5% and the company matches it.

 

[Normal Rob]

Re: Re: company pension contributions

and how much do you contribute?

I pay 5% and the company matches it.

6% - company only matches up to 2.5% - after that you are on your own.