Sentences with phrase «in final salary schemes»

«Lord Hutton is wise to propose a clean break from the past by recommending closing all accrual in final salary schemes.

Those who are within 10 years of retiring will continue in the final salary scheme.

Those who are within 13 ‑ and - a-half years will continue in the final salary scheme but be transitioned in to the CARE scheme at a future date.

Not exact matches

All sectors are campaigning to protect final salary schemes which are being attacked by employers in many industries.

The report recommends police forces move away from a final salary to a career - average system, the raising of standard retirement age to 60 and, in the longer term, the design of a whole new scheme for dealing with police pensions.

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...

This generation, in his view, took too much during the good times, reaping the benefits of final salary pension schemes and free university education while squandering what wealth they had and failing to save, saddling younger generations with the public debt.

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.

So again, in accordance with the recommendations of Lord Hutton, we are proposing to replace the final salary scheme with a Career Average scheme.

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

The union says the company has closed its defined benefit, or final salary, pension scheme, offering new entrants an «inferior» scheme which the CWU claim will leave them in «pensioner poverty».

The move is expected to lead a wider attack on lucrative final - salary pension schemes - which are now almost obsolete in the private sector - if David Cameron wins the election.

Spence & Partners specialises in advising on and managing defined contribution and final salary pension schemes.

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.

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.

Spence & Partners specialises in advising on and managing defined contribution and final salary pension schemes.

Bradbury v BBC (ongoing)-- acting for the BBC before the Pensions Ombudsman, High Court and Court of Appeal in respect of a claim concerning a cap on pensionable salary in a final salary pension scheme

US owners or would be owners of UK companies should take extra care in the case of a UK defined benefit pension scheme («DB Scheme»), sometimes known as a «final salary» scheme, in the UK group.

Spence & Partners specialises in advising on and managing defined contribution and final salary pension schemes.