Amicus calls for minimum pension contribution by employers

Trade
union Amicus is calling for employers to contribute to a minimum pension for
staff.

Derek
Simpson, Amicus joint secretary, wants the Government to introduce compulsory
pensions contributions for both employers and staff.

He
said their should be a minimum contribution from employers of 10 per cent, and
5 per cent from staff.

Amicus
wants the Government to fund employers who will struggle to run their own
scheme through government bonds.

"The
argument for a minimum is clear," Simpson said. "There should be a
commitment by staff but employers must be compelled to make minimum
contribution to their employees’ pension regardless of structure.

"The
immediate cost of a minimum pension would be low, while the cost of not
introducing compulsory pensions contributions will be devastating both to
individuals facing poverty and to the economy burdened by dependants."

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Amicus’
is hosting a pension conference today.

By Paul Nelson