Another union has voted to join a strike scheduled for 30 November to protest public sector pensions reforms by the government. Unite, the UK’s largest union, which represents a wide spectrum of public sector workers and represents around 1.5 million members, voted by a three-to-one margin to walk out later this month, along with 15 [...]
More unions have voted to join a national strike scheduled for 30 November to protest reforms for public services pensions schemes that would see employees paying more into their schemes, working longer before retirement and seeing yearly cost-of-living increases once they retire figured by an altered formula that would likely give them smaller raises. The [...]
In the ongoing dispute between the government and unions over pension reforms, Treasury has denied union accusations that it is misrepresenting the amount of payouts pensioners will receive under the proposed reforms. Last week, Danny Alexander, the Chief Secretary to the Treasury, claimed that some pensioners will see higher pension payouts under the reforms than [...]
Despite a warning just yesterday from the government that it will pull back an offer for changes to pension reforms if a strike planned for the end of the month go forward, trade union Unison has voted to strike on 30 September against the government reforms to public pension schemes that would see employees and [...]
Danny Alexander, the chief secretary too the Treasury, has urged union leaders in Britain to accept changes to public sector pension reforms that were announced Wednesday. The changes included an increase in the cost ceiling, sending the accrual rate – the percentage of average salary earned as a pension each year – 8 percent higher, [...]
The Office for National Statistics (ONS) has reported that the number of people contributing to pension schemes in the UK is down to 8.3 million, the lowest level since 1956. In 2009, there were 8.7 million people contributing to pension schemes, but by last year that number had dropped to 5.3 million paying into public [...]
A High Court case being brought by six unions could mean that pensioners could collect higher payments than if a rule change made by the government in April that alters the way cost of living increases are figured for pensioners is allowed to stand. The government rule change, which started with public sector pensions and [...]
The UK government announced Thursday that it will delay raising the state pension age to 66 from 65 years of age, set to go into effect in 2020, by six months. The delay, which is based on complaints that the change would put women workers in their late fifties at a disadvantage, will costs the [...]
Nearly 100 UK employers have signed on to start enrolling employees into the National Employment Savings Trust (NEST) ahead of the start of automatic pensions enrollment next summer, with 25 companies already putting their employees into the program. The NEST Corporation itself will start putting its employees into the system in December, while offering staff [...]
Beginning Saturday, 1 October, employers in the UK will no longer be allowed to set an age when employees must retire. With only a few exceptions that include air traffic controllers and police officers, employees will no longer be forced to quit work at age 65, a move that is in line with increased longevity [...]
