Originally Posted by
harry the cod
Mach .888
Swing? Well, let me break it to you too. The employee's fund is 5%, EK's contribution is 12% becoming 15% after 10 years. Like for like investment, the A fund will NEVER equate to 75% of the total. And if you'd bothered to read the last post, you'd see that I do indeed acknowledge that over time, the amount itself could be substantial. That, however, was not part of the original debate. We were debating whether the Company can access funds OTHER than the A.
I don't make the policy, nor do I necessarily support it but it's important people have the facts before going off on one!
Harry
Harry,
I am sorry. When I wrote 75% I just made a quick approximation from the values in the WTW app.
So Harry, the fact is 72%, in my case.
Nothing more, nothing less.
However the 72% will increase towards 74.999999999999 % over time.
And that’s a FACT.
So people, regardless of how Harry likes to portray the issue.
If you are dismissed for Gross Misconduct, they can decide to keep up to 74.9999999% of the sum of the A and B contributions.
Just saying.