I have to agree with GS-Alpha, the presentation of this is shocking
It is NOT a final salary scheme as it wil bear little relation to final salary
One of the "selling" points is that your previous service wn't be touched.
Well thank you for not doing something that would be illegal anyway!
A couple of questions I couldn't get answered
What do they mean when they say that longevity cost will be "shared"
If the NRA is increased what happens to one of my staff who is near retirement and want to go at 58, Does she get 2 years abatement(*) or 7?
Has anyone heard an answer to these?
* I think abatement is the right term for reducing your pension if you draw early