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Pensions contributions take a hit under the furlough scheme

Published on: 08 July 2020
Published by: Law360
  • Pensions contributions take a hit under the furlough scheme
  • What is this story about?

Article summary

Law360: Retirement savings contributions have been reduced by more than wages under the Coronavirus Job Retention Scheme (CJRS) owing to a ‘quirk of mathematics’ according to provider NOW: Pensions who noted that, although furloughed workers had seen a 20% drop in salaries, pensions contributions had fallen by 25%. or take a trial to read the full analysis.

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