PPRuNe Forums - View Single Post - BA next after Barclays and Morrisons?
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Old 5th Jun 2009, 14:15
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Nicolaus Silver
 
Join Date: Apr 2009
Location: Toowoomba Australia
Age: 76
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Pension

Final Salary plans cost the employer between 18% and 25% of the employees salary. Corporations invest to make enough money over your working life to fund 27 years paying max 66% of your final salary maybe, if you're lucky, with 5% pa escalation.

The govt does not invest over time for staff pensions, it just pays them willy nilly out of current revenue.
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