news Pensions – definitions – Contribution holiday By System Administrator 6th July 2007 5:34 pm 3rd November 2015 11:12 am A period during which the contributions of employer and/or employee are suspended, generally when the pension fund is in surplus over acceptable levels. Applies to defined benefit pension schemes. << Back to ‘Pensions – definitions ‘ news Pensions – definitions – Default investment option news Pensions – definitions – Bond funds (corporate bonds and gilts) news Pensions – definitions – Money purchase pension news International benefits – definitions – International health insurance news Pensions – definitions – National pension savings scheme (NPSS) Latest ArticlesComments (1) news Pay strategy Tesco reports a 12% mean gender pay gap Analysis Financial wellbeing Why support financial wellbeing for different types of workers? Case studies Financial wellbeing SSE provides contractors with same financial wellbeing benefits as permanent staff Opinion Financial wellbeing Jonathan Watts-Lay: Helping employees to focus on their finances Tom Christopher 23rd January 2014 at 11:01 am Is it lawful that a company choose to take a pensions contributions holiday, knowing full well that they were about to shut down your unit , and make one redundant, in say 5 years time [ planned ] so reducing ones future pension pot, then use that saving to pay ones redundancy? Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.