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Pension costs to increase with pay


as the article says, it could drive higher earners out of the scheme leaving the pension funds depleted for those who really need them. how come contributions are not compulsory as they are in some other European countries where the employer and employee pay a percentage of their salary? at least this ensures they have the guarantee of some income during retirement in addition to the basic state pension which is only designed to cover basic living costs.

Posted date

26 July, 2011

Posted time

6:21 pm