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Money matters

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Do you lose your pension if you're fired?

27 replies

ChimneyPotter · 25/08/2023 17:14

One-step removed family member has got fired. It made the Guardian where things were considerably more spicy than we were told over dinner a couple of weeks ago!

I'm just being nosey really- and a bit worried that getting fired has way more consequences than I thought!

They're mainly stressed out about pension loss and going through employment tribunal because of this as the key reason really.

Is it right that if you get sacked you lose your pension? Or is it just he's not going to get the last 5 years or so - he is 60? Can they cut the element they have contributed?

It's a national charity, he's been there donkeys years. Not sure what kind of pension schemes they run but could well be more like public sector ones than standard private.

OP posts:
ChimneyPotter · 26/08/2023 15:52

Thanks @AuntieJoyce ! This wouldn't apply so is encouraging!

OP posts:
LG93 · 26/08/2023 16:00

Forefeiture orders on pensions are quite commonplace in financial services but we probably have a higher than average number of dismissals due to fraud/financial loss than other industries!

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