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Calcio2 is offline
EU ireland
Joined: Jun 2017
Posts: 29
Calcio2 is male  Calcio2 has posted at least 25 times and has been a member for 3 months or more 
06-11-2017, 12:00 AM

DB pension buy out offer

My company has just closed down our defined benefit pension scheme, and put all of us into a defined contribution scheme,now the employer contribution going forward I believe is by industry standards above average , ( we put in 6 % of pensionable salary and they put in 24%), but it means the company has got rid of any future liabilities. They have now informed us that they are going to make an enhanced offer to buy our old defined benefit pension,I have over 18 years built up in this. I was wondering has anyone had any experience of a buyout like this?
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