Posted by A C Planner on 27 October 2000 at 20:13:52:
Much of the debate has been around C Planners in retirement and the lower pension increases that have been awarded compared to what could have been awarded if our funds had been correctly ring-fenced.
However, current employees are having their pensionable salary reduced because pensionable remuneration is being replaced with non-pensionable bonuses. The purpose of the bonuses was to reduce pension costs as they were specifically identified as non-pensionable payments.
With the N plan, all remuneration counted towards the pension, as this was the basis I moved to the C plan, but the goal posts have been changed.
Any views guys? Should we get this looked at and ask for our bonuses to be treated as pensionable?