Employer Pension Contributions

[RyanOPlasty]

In the small print of my employee handbook ( from 2005 ) I have noticed that my employer only pays pension contributions up to the age of 60, although the retirement age is stated as 65. I realise that legislation has changed significantly since then, but is it legal for them to do this? It seems to me to be age discrimination.

[otherman]

What type of pension is it? If it's final salary it doesn't matter, they're on the hook for the liability whatever. If it's defined contribution then it's illegal, they have to make at least 1%.

[RyanOPlasty]

It is a defined contribution scheme - 1% is a lot less than they are paying now. The only difference would be the employee's age

[PurpleMoonlight]

Are you sure it's not a typo in the staff handbook?

[Welshbeef]

RyanOPlasty said:

It is a defined contribution scheme - 1% is a lot less than they are paying now. The only difference would be the employee's age

Note they couldn’t simply make the change either for reduced pension terms from x% now to (well it’s now 2% not 1% and will go up to 5% so spending on how old you are now and what % they pay in there may be no difference.

To change terms needs consultation