Jib pension

[sparkydaryl]

Hi All.

I currently work for a large contracting firm which does not follow jib and has its own union and t&c's. The part I work for is being sold off to become stand alone.
Currently as I have long service I get very generous pension contributions from employer.
If the new management moves away from current t&C's to jib, is there a standard pension contribution rate for jib companies?

 

[timbobelfast]

Hi All.

I currently work for a large contracting firm which does not follow jib and has its own union and t&c's. The part I work for is being sold off to become stand alone.
Currently as I have long service I get very generous pension contributions from employer.
If the new management moves away from current t&C's to jib, is there a standard pension contribution rate for jib companies?

Hi, I don't think there is a set %, it is normally down to the company. There are however set government % that an employer must pay in. Better off sticking some of that on the Cheltenham races, more chance of a return!

 

[sparkydaryl]

Hi Jimbobelfast.
I had a feeling that might be the case.
I was aware of the government minimum % and thought it may had created a poor bar for companies base themselves against.
3% is hardly worth it.

If they cut to 3% without improving elsewhere think I will either go the agency route or start up myself.