|
|
MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
|
|
|
|
:: Blog | September 2009 (9 blogs) | Exchanging pension increases for cash
 |
MyCompanyPension is not responsible for external links or websites, or the content or material that they may display.
Some pages may have been updated since they first appeared, whilst others may have had titles changed by the host publication or website.
|
| |
|
Exchanging pension increases for cash
|
Exchanging future pension increases for a cash lump sum is set to become more popular as employers follow recent offers undertaken by ITV and BT. What I found interesting is the percentage take-up of BT’s cash offer to its new retirees. These would-be pensioners have been offered the option to forego their non-statutory inflation increases and instead receive a cash lump sum.
There are a number of issues which pensioners need to consider and for many, it's bound to be a tough call. Personally, I'm neutral on the idea as there are advantages and disadvantages to taking the cash or keeping the escalation. However, I would have thought more pensioners would have opted for the cash than the article suggests. See:
|
|
Mike Jones, MyCompanyPension.co.uk Ltd, September 2nd 2009
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|
|
