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Old 15th Jul 2007, 22:38
  #24 (permalink)  
Rushed Approach
 
Join Date: Jun 2005
Location: London, UK
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If you're serious about your DC pension you need 25% total going in, so whilst easy do give something for nothing on this, in practice the reality is that to have 25% going in will cost you 16% at easy, 12.5% at Monarch even if the offered level is not improved.

Yes you can pay zero and get 9% at easy - you will then retire on a pension of peanuts.

Monarch average annual hours over a career probably 600 if that, easy 850 so you'll work 30% less and might actually live to enjoy your retirement.

And by the way the pay ballot is no surprise to me.

And the gear's insured.
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