Quote:
Originally Posted by HighwayStar
I'm not sure what is meant by "government doesn't need to contribute"? Do you mean the Govt doesn't kick in it's 10% match if the plan is doing good?
|
Yes, there are actually statutory provisions that the employer from making its contribution to the plan if the plan is above a certain solvency ratio. I'm not in the public service, so I don't know their situation, but plans are generally doing quite well at the moment due to the high interest rates.