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Old 17th May 2008, 04:58
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Wizofoz
 
Join Date: Jun 2001
Location: Boldly going where no split infinitive has gone before..
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If by pension you mean a defined benefit or final salary type scheme, virtually no-one offers those for new joiners any more and with good reason.

Guaranteeing a particular return on investment to someone 35 or 40 years in the future is fraught with peril, note the likes of BA and their one BILLION pound short-fall in their pension scheme, or the US Auto industry who spend more paying their retired workers than they do their current staff!

As you've come onto the Mid-east forum I can tell you that EK have a Provident fund where they contribute a percentage of your salary to an investment fund. On leaving (after a qualifying period) you get its' current value (similar to 401K in the US).If you worked here a LONG time (and I mean 25 years or so) it MIGHT form a reasonable part of your retirement, but probably would still not be enough to ensure a good lifestyle after your working life is finished.

In this day and age, your retirement is your problem and you would be wise to start planning for it now.
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