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Another final salary scheme is about to bite the dust.
Julie is a member of the NHS final salary scheme.
"I also paid into the BBC final salary scheme when I worked there.
In the past it closed its final salary scheme in favour of career average.
Don't forget your final salary scheme is most likely linked to inflation.
Unions have proposed measures to save the final salary scheme, to no avail.
Similar(13)
Her husband, a former teacher, has already retired on a final-salary scheme paying £18,000 a year.
Those who stay with one employer for a long time would still be better off in a traditional final-salary scheme.
A final-salary scheme is, in effect, a huge long-term liability that saddles the sponsoring company with the risk that investments may not always cover it.
This means they will gain much less from a final-salary scheme than colleagues whose earnings peak at the end of their career.
Mr. Kuhnel is not ready to give up but admits that even many of the more senior actors consider the equal-salary scheme absurd.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com