Sentences with phrase «many public sector schemes»

«We wish to state that if by July 14, directives have not been issued for the transfer of funds to various public sector schemes, we will advise ourselves,» said Mr Awotwi Nkansah, Deputy Executive Secretary of GNAT in charge of Labour.

Police officers contributions to their pension is amongst the highest in the sector but employer contributions to the scheme compares more than favourably when considering other public sector schemes.

Pension reform is a key plank of the coalition's economic policy, it has tasked Labour peer Lord Hutton with bringing about a new system for public sector schemes that is sustainable.

«Independent pension experts and analysts have repeatedly warned against Treasury - led «quick fixes» which threaten the very viability of the public sectors schemes.

On the second - tier pension, we urge government to settle its indebtedness to the public sector schemes without further delay.

The campaigners were being told that it was not legally possible to make a rule change retrospectively (for those widows already in receipt of pensions) and that even were it possible this would be resisted by government due to the legal precedent it would set, and the knock - on effect it might have on other public sector schemes.

Broadly speaking, a master trust for the purposes of the new regime is an occupational pension scheme that is used, or intended to be used, by two or more unconnected employers (subject to exceptions for public sector schemes).

Public sector pensions work for central government departments, local government pensions, not - for - profit organisations and contractors who participate in public sector schemes.

Our public sector pensions practice covers administering authorities of the Local Government Pension Scheme, cross-border public sector schemes, and work for central government departments on all aspects of pensions law.

This is good news for individuals who, like Ms Brewster, were denied a public sector scheme survivor's pension in circumstances where they had met the relevant criteria save for the completion of a nomination form.

Many public sector schemes offer pay that is comparable to that on offer from big graduate recruiters in the private sector.

Not exact matches

Additionally, the Public Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sPublic Sector Pensions Commission recently estimated that a huge 94 per cent of public sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private spublic sector employees are still on unsustainable defined benefit schemes, compared to just 11 per cent in the private sector.

We argued that there should be an increase of employee contributions to all unfunded public sector pension schemes by a third.

Final salary schemes are unfair to lower paid workers as they disproportionately benefit public sector executives.

Public opinion is likely to be split, but any suspicion that teachers are ignoring the plight of those in the private sector who don't have any pension scheme at all could pose problems for the NUT.

The British Medical Association, which represents doctors and medical students, welcomed a variety of Labour proposals, including the extra funding as well as scrapping the public sector pay cap and reviewing Sustainability and Transformation Plans, which are local schemes that often involve closing services to save money.

Mr Cameron accused the chancellor of a «craven surrender» in allowing these workers to retire at 60 - Lord Turner is expected to call for a general rise in retirement age to 67 - and argued that any pensions scheme must be equitable for private and public sector workers.

'' The NHF is a scheme into which Nigerian workers in the public and private sector, earning a minimum of N3, 000 per annum, contribute 2.5 per cent of their monthly income.

Trade unions from across the public sector are warning Labour that there is «widespread anger and resentment» over proposed reforms to the public sector pension schemes.

We want to work with Government and the wider industry so the Dashboard can help customers with public sector pensions and those in trust based schemes.»

Increase employee contributions to all unfunded public sector pension schemes by a third.

The ABI wants to work with wider industry including trust based and public sector pension schemes, to ensure that as many people as possible can benefit from the dashboard, with support from the whole market.

Only by agreeing to such a one - third reduction in the benefits of our generous pension scheme, can MPs look the rest of the public sector in the eye when asking for similar sacrifice and restraint.

The scheme must close if MPs want to «look other state sector public sector employees in the eye,» he told reporters.

What Danny Alexander is attempting is to push through further changes that will drive thousands of already hard - pressed public sector workers out of these schemes and, ultimately, undermine the very viability of these schemes.

They also admit that money cut from pensions will go to the Treasury to help pay off the deficit, not into pension schemes, which the union says amounts to a tax on working in the public sector.

Government reforms have reduced the average value of public sector pension schemes by around three per cent, from 24 per cent to 21 per cent of salary, the Pensions Policy Institute (PP) has said.

Ros Altmann, an independent pension adviser who helped set up a rescue scheme for workers in crashed companies, said unions needed to recognise that final salary schemes were unaffordable in the private or the public sector.

Government has commenced the payment of the tier two pension contributions of public sector workers into their registered schemes.

The Forum for Public Sector Registered Pension Schemes made up of the 12 public sector labor unions have called off their intended strike which was to begin today [FrPublic Sector Registered Pension Schemes made up of the 12 public sector labor unions have called off their intended strike which was to begin today [Frpublic sector labor unions have called off their intended strike which was to begin today [Friday].

«These are the same people who protected their own pension scheme but cut the pensions of the lowest - paid public sector workers,» he added.

But Government sources said these were merely guidelines, and it would not require legislation to tear them The plans would allow a new employer to transfer public sector staff to a less generous contributory scheme where they pay into a pot with no final guarantees.

But ministers fear the generous final salary schemes paid out to public sector workers would deter all but the biggest firms from doing so.

Equally, as has already been highlighted by experts at the LSE, Cambridge Computer Lab and Oxford Internet Institute, the technical feasibility of this is far from clear (hardly a surprise given the public sector's record on big IT schemes).

Previous government's attempt to quadruple the salaries of public sector workers through the single spine salary scheme has been a drawback to strengthening the private sector as an innovator.

Do you really think you can lecture us about public sector pensions when it's your lot who set up the perverse compensation schemes for places like Network Rail?

As a 100 % public sector owned organisation, all the profit made by YPO stays within the public purse and each year, these profits are shared with customers through the loyalty scheme.

The reforms therefore do not affect the pension built up in the TPS, however, any other pension savings they have that are not in public sector pension schemes may be eligible to be used under the new pension freedoms.

The government have also put in place a ban on members of public sector pension schemes from taking a transfer from their pension scheme.

The Teachers» Pension Scheme The Teachers» Pension Scheme (TPS), like other public sector pension schemes, is a Defined Benefit (DB) pension scheme.

Graduates starting work now on average earnings will never have the opportunity of a final salary pension scheme (unless they work in the public sector), will have to save for many years for their first property deposit whilst at the same time paying an additional tax of 9 % of everything they earn in excess of # 21,000 in a 30 - year project to repay their student financing.

DB schemes have all but disappeared in the private sector, but the public sector held on for much longer, hence the oft - repeated «gold plated pension'tag.

No matter what you think of the continued existence (barely) of «gold plated» final salary pension schemes in the public sector, having the rug pulled from under a key plank of your career choice's remuneration scheme is just cause for complaint.

PUBLIC SECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you rePUBLIC SECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you reSECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you republic sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you resector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you retired.

TPS and LGPS Pensions are viewed as a benefit but, at the end of the day, someone has to pay for them and the pensions in education — and all the public sector — are so much better than in the private sector; the figures just do not add up and both pension schemes have been underfunded for years.

- Subscription to deposit scheme of a public sector or company engaged in providing housing finance

The scheme supports galleries in both the public and private sector, helping to make contemporary visual art more accessible in Scotland.

Interesting how people from the private sector do useful things for humanity (Google, Gates, etc.) while their high profile counterparts in the public sector waste everyone's time and money being hysterical about neurotic fears and schemes.

PES schemes can only function well when the public sector ensures that rights are defined and agreements honored.

Yet, insurance programs and disaster financing schemes have large potential in steering the flood risk management in the private and public sectors (Keskitalo et al. 2014; Jongman et al. 2014).