Posted by Tally_ho_us on 06 December 2000 at 20:33:12:
In Reply to: UK Pensions Trust Page posted by Denis Martin on 27 November 2000 at 15:37:43:
I would consider what I said earlier - find out if the group of employees
are the same in both plans. A section seems to say to me that the
same employees are covered. I am under the impression that c has
a separate group of employees from the M group and the two groups do
not have an option of changing into various plans depending on which
on is better. It seems that you are frozen so to speak in one plan.
I would think that the plans would be separate if you could not change
by choice or did not cover the same group of employees at the same
level in the organization. For example all executives are covered in the
M plan but are all band 7,8, 9 covered in the c plan - I think not therefor
this is more than just a terms and conditions change of plan "sections". Can
people elect to change sections - what by law qualifies a section of a plan
vs. plan. I bet employee covered is one bases of the law. It doesn't
hurt to check anyway. The more informed you are the harder to pull
the wool over your eyes - we have found this out in the states.