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Latest News

Employers need responsible outlook on pensions

by Personnel Today 23 Jul 2002
by Personnel Today 23 Jul 2002

More
than half of all workers believe their employer should be responsible for
ensuring adequate provisions for retirement, a study has found.

In
a poll of 1,000 workers, 54 per cent said that employers should be responsible
for retirement income.

Of
the 43 per cent that were concerned about retirement funds, more than three
quarters said they were prepared to increase their pension contributions.

However,
only 53 per cent were prepared to delay retirement to increase their pension
income and only 22 per cent would even consider working until 70.

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Employees
questioned in the study by consultants Hewitt Bacon & Woodrow were also
loath to lose other benefits such as company cars, holidays or childcare to
supplement pensions.

By Ross Wigham

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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