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Started by yeetus, 02-01-23, 12:40AM
Quote from: NightAndDay on 03-01-23, 10:39AMTesco does match your contribution up to 7.5%, though not as good as it used to be, it is still pretty good in comparison to other places, not as good as Civil Service Pensions or some very competitive pension schemes in professional industries, but still very good overall.
Quote from: brucie on 05-01-23, 11:54AMnew pension scheme is rubbish compared to the old one. new one is basically a savings plan that you rely on stock markets ups and downs and at the end you have to buy a pension on open market. no guarantees at all.
Quote from: Attilla on 09-01-23, 09:46AM"Experts". Come on take a look at your scheme I bet it lost lads last year, mine creatively did. As for best in retail. It's the same as all the rest. The Union sold us down the river when they let Tesco close the scheme.
Quote from: flour technician on 09-08-23, 05:56PMOk bit of a dilema here. Left Tesco in 2015, i was a team leader at the time, but after 32 years service felt it was the right time to leave. I was in the old pension scheme (final salary). Im 58 now and have just recieved a statment telling me i can have just over £10k a year, obviously going up slightly with the cost of living etc etc. Whilst the projected income in say 8 years when i retire is possibly gonna go up to say £15k and coupled with an old age pension of say £12k, i think i could live easily off this amount. My dilema is do i take the £10k ish now and drop a day at my current work place or wait to see if the pension matures further in a couple of years if anyone else has done this ie: dropped a day at work and took their F/S pension i would be interested to see if it worked for you.I could take a lump sum and reduced pension but feel this is not right for me at this particular time. I have no health issues at the moment and the mortgage is paid off.Look forward to hearing if anyone else in a similar position has been through the same dilema?? thanks
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