Originally Posted by
Ken Scott
The ‘non-contributory’ pension that salary is abated for in lieu of payments? The abatement is currently 5% I believe and pensions are then based on your net rather than gross salary.
Probably better to say that the pension is based on abated pay rate (-4%), rather than net/gross and of course it can vary depending on your pension scheme. Either way, your point is spot-on as the statement is disingenuous as it suggests that we make no contributions.