Pension Changes

[Duracell]

How much time do I spend on Here?

Am I cramping the style of another ?

[Red Rock]

Duracell,

You might be cramping the style of another, but as I quoted "just wondering" on the time you must spend researching and typing articles.

I was going to nominate you for the VLH most contributed correspondent in the New Years honours list, but my vote lies else where now.

[lucgeo]

Duracell

Are you cramping another's style?? HELL NO!!

[Duracell]

Apologies Red Rock, I sometimes get defensive when others are curious about my work.

I think I was in the dog house for the time it took that I wasn't doing other things.

I hate things not making sense, I prefer it not to be nonsense.

[Red Rock]

Duracell,

Since I joined VHL you have contributed a lot of interesting articles on here along with a few other individuals; I don't know how you can be so dedicated to this site.  But please keep scribbling away!  Regards

[trigger]

Red,i think i have an idea.

[Duracell]

Red Rock 

[trigger]

Out of the papers sent out,regarding industrial action over pensions..only the old sites sent them back,the rest are full of eastern europeans who do as there told.

[Loki]

I hate things not making sense, I prefer it not to be nonsense.

Why do the Working Time Directive, the HSE Guidelines and the Partnership Agreement come to mind? 

[Duracell]

The only consistancy is the inconsistancy.

Ageism is not allowed it is a protected characteristic in the equality act.

Minimum wage different based on age.
Redundancy pay different based on age.

[trigger]

  ,,i cant comment to busy .

[lackofinterest]

can any one tell me when we will receive the letter which contains the enrollment number to opt out of the new pension plan. cheers

[part of the problem]

Its at the bottom of your payslip mack

[silver surfer]

Its at the bottom of your payslip mack

This is incorrect. The code on the payslip is to register at the colleague room it is not your new pension enrolment number. You will have a letter from Legal & General by 5th December with enrolment information.

[gomezz]

Just had the letter from L&G and opted out which was easy, peasy to do, just having to keep clicking on the "Are you sure", "Are you really sure?"  "Are you really, really sure" options.

[backlash]

Could someone please explain how do I opt out of the new 'retirement savings'?

[gomezz]

Follow the instructions in the letter.

[fargone]

With the previous scheme, why was the pension deficit allowed to become so large?

[Blondie1981]

Perhaps the MM liked to boast about the best pension in the sector but didn't like to actually fund it...Maybe they just didn't understand the implications of the advice they received...Maybe they were just incompetent ....Who knows?...One thing is for sure, no one is going to admit is was their fault.

[mexicopete]

With the previous schem, why was the pension deficit allowed to become so large?

Because the Trustees, did not bring the company to book, they had a duty of care to all of the Pension scheme members, but stood by and nodded everything through that was going on. These same people will most probably be the Trustees for the new scheme. I have asked about the trustees actions regarding the pension deficit on more than one occasion during the pension consultation. No answers were forthcoming despite many requests.

[oliver]

 corruption  at its best,business as usual ,just like when tesco gave usdaw thousands of pounds  to keep them going years ago and  we all know why so they can control staff easier with partnership agreement

[mosquito]

I have opted out of the new pension scheme, with 2016 just around the corner and possible even more uncertainty around our jobs, I didn't want to pay pension contributions for a couple of months only to be told my job would no longer exist.

[tumshie]

If that happened, mosquito, you could claim your money back.

[silver surfer]

I have opted out of the new pension scheme, with 2016 just around the corner and possible even more uncertainty around our jobs, I didn't want to pay pension contributions for a couple of months only to be told my job would no longer exist.

You should have waited till the end of Jan - you would have qualified for the bonus payment into your pension pot. If you are on 20k a year that would be about £385 for one months contribution of about £80. You would have walked away with £465 if your job came to an end and you are over 55. If you were under 55 you could collect it when you are 55. You have thrown good money away. To anyone thinking about opting out straight away - think twice - it maybe better to wait till the end of Jan.

[blutopia]

Just checked the website to see if my 'one-off payment' has been paid in to my account yet - it hasn't.

What my checking did reveal, though, was that my 'investment' has already gone DOWN by more than £5 in just one month!