A period during which the contributions of employer and/or employee are suspended, generally when the pension fund is in surplus over acceptable levels. Applies to defined benefit pension schemes.
A period during which the contributions of employer and/or employee are suspended, generally when the pension fund is in surplus over acceptable levels. Applies to defined benefit pension schemes.
Is it lawful that a company choose to take a pensions contributions holiday, knowing full well that they were about to shut down your unit , and make one redundant, in say 5 years time [ planned ] so reducing ones future pension pot, then use that saving to pay ones redundancy?