Call for compulsory pensions contributions

first_img Comments are closed. Previous Article Next Article Call for compulsory pensions contributionsOn 3 Sep 2002 in Personnel Today Related posts:No related photos. TheTUC has called for compulsory employer pension contributions following thepublication of research showing that many workers, particularly the unskilled,have inadequate pensions provision.TheTUC report finds that skilled workers are much more likely to have a companypension than unskilled staff.Accordingto the study, three-quarters of professional men are members of occupationalpension schemes, compared to only a third of unskilled men.Sevenout of 10 skilled women have an occupational pension, compared to 27 per centof unskilled women. And eight out of 10 London staff have an occupationalpension – with less than 75 per cent in other regions.TUCdeputy general secretary Brendan Barber said the findings show that employersshould be forced to make contributions to occupational pension schemes. “Hardworking people deserve decentretirement incomes, but at the moment, pension coverage is patchy. It iscrucial we have a strong safety net for those who are left without coverage,but in the end, we all need to pay up for pensions,” he said.”Wewant to see compulsory employer contributions and action to stem the tide offinal salary scheme closures.”Barberadded that compulsory employer contributions would also make stakeholderschemes more attractive to the people most likely to be without adequatepension cover.www.tuc.org.uklast_img read more