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Old 29th Mar 2006, 07:45
  #483 (permalink)  
The Blu Riband
 
Join Date: May 2002
Location: uk
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Porky
Are you a manager, because you seem unable to comprehend the significance of a change to the NRA.
Yes, you can still retire at 55 but your pension will be substantially reduced as you would then be retiring "early".
As an example: a 40 yr old who has already served 15 years can expect a 35%c reduction in pension if he retires at 55 instead of continuing to 65. This pension is then capped at 2.5% max per annum so will be worth very little after just a few years if there is any significant inflation!

Managers should be ashamed at the prospect of benefitting by massive bonuses just from robbing their staff. Or are you enjoying peddling these lies to your own people?
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