Letter from Employee to Company Agreeing to Sacrifice Bonus in exchange for Additional Contributions to Pension Scheme

The document titled 'Letter from Employee to Company Agreeing to Sacrifice Bonus in exchange for Additional Contributions to Pension Scheme' is a formal letter written by an employee to their company. The purpose of this letter is to inform the company about the employee's decision to sacrifice their entitlement under the bonus scheme in exchange for additional contributions to their pension scheme.

 

The letter begins with the employee's account information, including their first name, last name, address, phone number, and email. It is then addressed to the recipient, mentioning their name and address. The current date is also mentioned.

 

The main content of the letter consists of the employee expressing their intention to renounce their entitlement under the bonus scheme. The employee states that their renunciation is conditional on the company agreeing to make additional contributions to their pension scheme. The specific amount of the renounced bonus and the financial year it pertains to are mentioned in the letter.

 

The letter concludes with a closing remark and the employee's sincere regards.

 

Overall, this document serves as a formal agreement between the employee and the company regarding the sacrifice of the bonus in favor of increased contributions to the pension scheme. It outlines the employee's request and conditions for the renunciation of the bonus.

 

Each section of the document has a specific purpose. The account information section provides the necessary details to identify the employee. The addressing section ensures that the letter reaches the intended recipient. The content section clearly states the employee's decision and conditions for the renunciation. The closing section concludes the letter on a polite note.

How to use this document?

1. Begin the letter by providing your account information, including your first name, last name, address, phone number, and email.

2. Address the letter to the appropriate recipient, mentioning their name and address.

3. Clearly state your intention to renounce your entitlement under the bonus scheme.

4. Specify whether your renunciation is irrevocable or revocable.

5. Mention the specific amount of the renounced bonus and the financial year it pertains to.

6. Conditionally request the company to make additional contributions to your pension scheme.

7. Conclude the letter with a closing remark and your sincere regards.

8. Ensure that the letter is polite and professional throughout.

9. Proofread the letter for any errors or typos before sending it.

10. Keep a copy of the letter for your records.