ABSTRACT
When seeking employment today, employees generally consider the terms and conditions in every aspect. Salary/wages will not be the only factor. Employees will want to know (inter alia) if free medical/dental insurance is available and what pension scheme their employer has on offer – in fact, the whole employment package. Employees should appreciate that the provision of an occupational pension is extremely beneficial to them. They would be well-advised therefore to pay careful attention to the terms of the scheme on offer as well as the other provisions of their contract. The Trades Union Congress, for example, accepts that an occupational pension provision is an integral and valuable part of the terms and conditions of an employee’s service contract. Frequently companies see pension provision as part of their overall employee relations policy aimed at keeping valuable staff and encouraging long-term faithful service.
