Originally Posted by
wokkamate
2.1% in Sep, backdated to Apr 01. Watch this space.
Better than 1% but still a pay cut in ‘real terms’ as inflation is circa 2.8% currently. Ho hum..... also better than a kick in the teeth
It says a lot when the most optimistic figure is yet-another-real-world-cut in pay. How many years in a row has that been the case now?
Still, I just exited so this delayed announcement will clarify how much pension and lump sum I should have been getting. On my first pension payment they included a scrap of paper that noted my pension would be in error but that there was nothing they could do. Pretty poor way to run a pension scheme.