Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> Pensions >> Pensions Warning http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1031733598 Message started by Forum Admin on Sep 11^th, 2002, 8:40am

Title: Pensions Warning
Post by Forum Admin on Sep 11^th, 2002, 8:40am

Today's Guardian has a story suggesting BBC staff will soon have to pay more in pension contributions. No mention of the employer contribution, but presumably that too will have to rise.
Read the story.
This follows a report to Pensioners this week from the chairman of the trustees, Roger Jones. It has a fairly positive tone. The value of the scheme fell by less than £300m last year, it has well over £6bn in assets and is at present able to meet all its obligations.
You can comment on this by clicking on "Reply" below.

Title: Re: Pensions Warning
Post by mikatherton on Jul 11^th, 2003, 11:54am

I cannot understand why the Pension Fund has not switched out of equity holdings and into bonds as the Boots scheme did over a year ago.
Equitable Life With profits fund was forced to do the same and has just returned its best performance for 5 years.
Other funds have reduced share holdings from about 80% to 40% (Phillips) and have beaten their bench mark by a wide margin. pensioners also enjoyed a 2% increase in pension compared to our sub 1%.
Would be interested in your comments?

Title: Re: Pensions Warning
Post by dusticus on Nov 21^st, 2003, 5:22pm

I see no reason why staff should not pay more,and the
B.B.C. some time ago they had a reduction in what they
paid in which to them was like having a increase in salary,and the B.B.C. themselves a holiday,not paying in
nothing,so perhaps if they did so, we the retired staff
who never had a reduction,and paid in our full percentage, could get more than 2.9% in 2004.
Dusty Miller.

Title: Re: Pensions Warning
Post by Dave on Nov 21^st, 2003, 6:51pm

I see no reason why present staff should not pay a larger contribution to the pension fund.
I think I'm right in saying that I was originally paying my contributions at 7.5%, having opted for the larger rate on joining the scheme. The lower rate was I believe 5%