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Friday, March 11, 2011

UK pension rights section discusses

Friday, March 11, 2011
Trade unions in the public sector employed more people to work for a long time to take a salary less pension proposals envisaging showed a strong response.
Commission headed by former minister John Hutton, after the nine-month study, a large pension rights of public employees than private sector employees have said, the removal of the system recommended that the calculation of pensions on final salary.
The Commission also, the armed forces, firefighters and police wanted to put an end to the right to retire before the age of 60.
Retirement-employee ratio
The number of retired about 60 million people in the UK over 10 million. At present, the retired-employee ratio at the level of 4.5 to 1. However, in 2025, this ratio is estimated to be 3.5 to 1.
UK pension age, currently 60 for women, for men 65
Retirement age to 66 in 2020 to be issued for both women and men.
Most affected by the global recession and at least one of the countries in the UK, the government budget deficit to close around 250 billion dollars a severe austerity program was implemented.
The Government announced on 23 March prior to budget carefully examine the proposals, explaining the large trade unions warned that initiate a wave of strikes.
Public Employees Union General Secretary Dave Prentis UNISON'ın, "This government wants to make me close to public employees deficit caused by bankers."he said

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