Employer Group Pension Scheme - employer contribution cut

joker77

Registered User
Messages
6
Hi - I have a few questions on an employer group pension scheme question - I posted in the Pension section but would probably be more relevant here

If the employee has a contract of employment which stipulates that the employer will pay 5% of salary into the pension - what is the situation if the employer cuts this contribution?

I'd assumed this was perfectly reasonable for the employer to do, but would this need an amended contract?

The reason given was the economic situation. Some people had pay cuts. Others were unaffected, and their employer contribution of 5% (or more) was left untouched.

It's a private group scheme, 2 of the company directors and their pension advisor are the trustees.

Thanks
 
If it's contractual it would need to be done with agreement, not imposed.
 
It's a private group scheme, 2 of the company directors and their pension advisor are the trustees.
Not answering your main question, but note that there is a provision for any scheme members to elect their own pension trustee, provided that percentage of members request this.
 
Back
Top