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Old 14th Jun 2008, 06:33
  #136 (permalink)  
BigGeordie
 
Join Date: Apr 2003
Location: UAE
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Uplock, unfortunately you are dreaming. The days of final salary pension schemes are well and truly over in the UK and the rest of Europe and, I imagine, in America as well. The pension/provident fund (I don't know the difference either, but I think a pension fund has to be used to buy and annuity when you retire- a provident fund you just get the cash to do with as you will. I'd rather have a provident fund thanks.) isn't the best in the world but it is no worse than I had in the UK.

Bymonek and Kenny are right, in the 21st century no company really cares what happens to its employees when they retire but Emirates at least gives us free financial advice and an opportunity to pay more into the provident fund if we want to. If we choose not to take that advice I don't see how we can then complain that the provident fund is rubbish.
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