Posted by employee on 11 October 2000 at 13:02:21:
It is of course spurious for the company to claim that it bears the risk.
The employee bears the serious risk that the company will redefine what the definition of
pensionable salary is. We have seen this with London allowance and the policy of variable pay in
which 10-15% of annual earnings are deemed non-pensionable. What happens to my pension planning if this
capriciously increased to say 40% or 50% of salary.