Sentences with phrase «government pensions schemes»

Today's announcement comes as part of ongoing discussions about local government pensions schemes.

Local government pension scheme campaign Find out about how the T&G is fighting for pensions justice for workers in the local government pension scheme.

Independent consultant John Ralfe claimed that the deficit in the local government pension scheme had sky - rocketed to # 100 billion, up from # 42 billion in 2007.

The local government pension scheme is split into over 80 different funds, with 1.7 million workers paying for four million total members.

The agreement finally reached on the local government pension scheme after the government made significant concessions has rather less to do with official generosity than fear about the consequences if the scheme were so eviscerated that hundreds of thousands of local government workers might decide there was no point in continuing to contribute to it since, if they walked away, they would still get the same amount of money in retirement from means - tested income support.

The result is that local government workers, faced with an average additional 3 % increase in their contributions which will then yield a much reduced pensions, are likely to abandon the local government pension scheme in droves as no longer worthwhile, thus adding to the State's welfare bill in retirement and perhaps collapsing the investment funds which this pension scheme feeds.

They also tend to have experience of the Teachers Pension scheme and Local Government Pension schemes and will also do all the administration associated with the pensions.

• Acting for the successful Claimant in R (on the application of the Palestine Solidarity Campaign) v Secretary of State for Communities and Local Government [2017] EWHC 1502 (Admin), a challenge to guidance from the defendant Secretary of State which sought to prohibit the administering authorities of the local government pension schemes from adopting policies of boycott, divestment and sanction against foreign nations (led by Nigel Giffin QC).

Nigel Giffin QC and Zac Sammour of 11KBW acted for the Palestine Solidarity Campaign in a successful challenge to guidance issued by the Secretary of State on how local government pension scheme (LGPS) administering authorities should take account of non-financial factors when drawing up statements of investment strategy.

Examples include the issue of whether employers in the local government pension scheme may obtain a discount on their contributions by paying them early; and whether the executive head of a federation of academy schools is eligible for membership of the teachers» pension scheme.

The Pension Fund Development and Regulatory Authority, set up in 2003, regulates three broad types of pension schemes — the government pension schemes (such as the one that covers Amit Chandra), the National Old Age Pension Scheme for people living below the poverty line, and the private pension schemes / funds.

Exemptions towards investments made in the Central Government Pension Schemes.

The central government pension scheme is to infuse confidence with a secured future in the times to come.

Not exact matches

By introducing mandatory pension schemes, the government is securing the financial future of the country and offering employees better terms at the same time.

Calling the 6.6 % real return a «chain letter» and a «Ponzi scheme,» he went on to note, «The legitimate question that market analysts, government forecasters and pension consultants should answer is how that 6.6 % real return can possibly be duplicated in the future given today's initial conditions which historically have never been more favorable for corporate profits.

Government should seriously consider introducing a new role of Infrastructure Minister to back major projects, and pension funds would be more likely to invest in schemes if several smaller proposals were packaged together, a former Cabinet Minister has said.

Workers are in danger of being shut out of the best value pensions unless the Government lifts restrictions around a scheme which is key to its landmark retirement reforms, a committee of MPs warned today.

By SLF Council member and pensions expert Janice Turner Millions of private sector members of final salary and career average pension schemes have a better chance of a decent retirement after the government implemented more SLF pensions policy in this week's...

After several rounds of electorally unpopular increases in contribution rates and raising the retirement age, Gerhard Schröder's government introduced tax - subsidised, funded private and occupational pension schemes.

The union insists government plans for pension reform should not proceed without a valuation of the scheme.

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.»

The unions challenged the Finance Ministry's decision to use Pension Alliance Trust as a sole trustee of the second - tier pension scheme for all employees on government's pPension Alliance Trust as a sole trustee of the second - tier pension scheme for all employees on government's ppension scheme for all employees on government's payroll.

Government has paid GH cents 3.1 billion in Tier 2 pension funds to the custodial accounts of various labour unions» pension schemes — a move that brings closure to a six - year tussle between government and the unions over management of Government has paid GH cents 3.1 billion in Tier 2 pension funds to the custodial accounts of various labour unions» pension schemes — a move that brings closure to a six - year tussle between government and the unions over management of government and the unions over management of the funds.

A statement from HM Revenue and Customs yesterday read: «From «A-Day», the government will remove the tax advantages for investing in residential property or certain other assets such as fine wines, classic cars and art and antiques from registered pension schemes which are self directed.

What Mr. Silver didn't say: He is trying to keep his taxpayer - financed pension, trying to stay out of prison and trying to forfeit as little cash as possible from the schemes that the federal government says netted him more than $ 5 million over the decades.

Similarly, the amount state and local governments will have to pay into the state's main pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.

The governor and the legislative leaders, meanwhile, announced an agreement on a budget scheme allowing the state and many local governments — but not New York City — to «borrow» nearly $ 6 billion over the next three years from the state pension system in order to use the funds to make required annual contributions back to the pension fund.

But the Conservatives claimed the government was planning to «snatch» Royal Mail's pension funds assets and assume its liability, effectively converting the pension scheme from a funded scheme into a pay - as - you - go scheme.

The government was wrong to completely reject the Parliamentary Ombudsman's report into a collapsed pension scheme, the High Court ruled today.

Over the course of the year Marcie will need to put in # 170.04 to her pension if she is in a «net pay» scheme, whereas she would only need to put in # 136.03 if she was in a «relief at source» scheme — the rest will be paid into her pension pot by the Government as tax relief.

Sally Hunt, UCU general secretary, criticises government's «hyperbole» and «ludicrous claims» about pension schemes.

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.

Responding to a government statement on the Financial Assistance Scheme (FAS), which claimed # 1.7 billion of assets in occupational pension schemes could qualify for help, Lib Dem work and pensions spokesman Danny Alexander said the statement was «simply more dithering and delay from the government».

The calculator provides members of the three main civil service schemes: Classic, Premium and Nuvos with estimates of how much the government's proposed pension changes could cost them between now and their retirement.

The government must compensate the thousands of people who lost their retirement nest eggs following the collapse of their occupational pension schemes, an influential group of MPs has demanded.

They challenged the Finance Ministry's decision to use Pension Alliance Trust as a sole trustee of the second tier pension scheme for all employees on government pPension Alliance Trust as a sole trustee of the second tier pension scheme for all employees on government ppension scheme for all employees on government payroll.

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

The Conservatives should transfer local government pension holders to a defined contribution scheme (John Hutton ruled out this option).

Under the government's calculations, this should allow about 10,000 people to use whatever money remains in their contracted - out pension fund to be reinstated in the second state pension scheme.

Speaking during prime minister's questions, Mr Blair maintained that the government can not afford to commit to standing behind the collapse of every pension scheme, while claiming that the current system of compensation is working.

Their report echoed that of the parliamentary ombudsman, Ann Abraham, who warned earlier this year that the advisory leaflets provided by the government over the pension schemes were inaccurate, incomplete, unclear and inconsistent.

Four pensioners have now won their fight against the government's decision not to compensate them fully when their occupational pension schemes collapsed.

In addition, the government intends to publicise a little - used scheme that allows people who decided to take their second state pension to a private provider, but who subsequently face losing out, to get back into the state system for less money.

Pensioners in final salary pension schemes could find their benefits cut under new plans put forward by the government on Monday.

Talk of coordinated union action over pensions may be unachievable therefore, if the government makes concessions to the unions in the local authority scheme, but not to teachers, civil servants or the NHS.

The budget announced that the state pension's once again to be linked with earnings, and the Government plans to enroll workers in company schemes unless they opt - out.

The government's position on food banks was mired in confusion after it emerged that David Cameron had enthusiastically backed their work at a Christian faith group's Easter reception, in contrast to biting criticism of the schemes made last week by Iain Duncan Smith's work and pensions department.

He accused the government of failing to fulfil promises made to cocoa farmers to provide them with incentives such as housing, a pension scheme and feeder roads to cocoa growing communities.

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

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