Some major employers, particularly in retail and hospitality, are lobbying ministers to introduce a waiting period of a year before an employee in a new job starts to gain from compulsory employer pension contributions of 3%, said the TUC on August 31. (Ref. 06835)
“The TUC has learnt that some major employers, particularly in retail and hospitality, are lobbying ministers to introduce a waiting period of a year before an employee in a new job starts to gain from compulsory employer pension contributions” said the trade union. This contribution of 3%, optional for the employee but obligatory for the employer if the employee wishes it, is part of the Turner Commission’s proposals on pensions reform, which were approved in the government’s White Paper publi
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