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Summary of the proposed agreement

Pay talks 2022 discussion, news, LTB's RMCtv and all BUSINESS RECOVERY, TRANSFORMATION AND GROWTH AGREEMENT chat
robking
Posts: 236
Joined: 19 Dec 2020, 12:14
Gender: Male

Re: Summary of the proposed agreement

Post by robking »

TheTrolleyMan wrote:
18 Apr 2023, 18:27
GlassDoor wrote:
11 Apr 2023, 09:55
FilthyBloke wrote:
07 Apr 2023, 12:13
I’d take that deal? Probably option B on the pay deal but otherwise I’m happy with that.
While 1500 sounds nice, it’s. Not pensionable. And of course who knows what will happen next year with the proposed 6%, things change and that might not happen.

Whereas option a with the 6% now would be better for pension.

I would take option A
Snap , same here a larger percentage means RM pay more into your pension pot , also doesn’t the company have form for breaking agreements .
'There is no longer any relationship between actual pay and pensionable pay, pensionable pay increases annually by the rate by inflation (up to a maximum of 5%) regardless of any pay increases that we might receive.
Pensionable pay increased by 5% on 1st of April this year, it's usually hidden by indexation of tax allowances but this has been frozen this year so you might have noticed a small reduction in your take home pay since last month because the amount of pay that you pay the 6% pension rate on, increased by 5%