Matching contributions
The Company will match your contributions – and more – up to a maximum of 8% from you and 15% from the Company.
Leonardo thinks of pension saving as a partnership between the Company and its employees. Because of this, FuturePlanner works using the ‘Match Plus’ principle, which means the higher your contribution, the more the Company will pay.
Match Plus
The Company will match your contributions up to 8% – plus add a contribution boost of up to 7% – depending on how much you decide to pay. For example: if you pay 4%, the Company will match your 4%, plus you’ll get the maximum Company contribution boost of 7% on top of this, bringing your Company Match Plus contribution up to 11%.
Anything you contribute above 8% will be counted as Additional Voluntary Contributions (AVCs). These are invested in the same way in your Retirement Account but are not matched.
| Your contribution |
Company Match Plus Contribution |
Total |
| 1% |
3% |
4% |
| 2% |
6% |
8% |
| 3% |
9% |
12% |
| 4% |
11% |
15% |
| 5% |
12% |
17% |
| 6% |
13% |
19% |
| 7% |
14% |
21% |
| 8% |
15% (max) |
23% |
| 9%+ |
15% |
24%+ |
Pensionable salary is your basic pay plus any permanent shift allowance you may receive. All other earnings are non-pensionable unless the Company has specifically advised you differently in writing.