Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Latest News

Government closes final salary pension scheme for race workers

by Personnel Today 6 Aug 2003
by Personnel Today 6 Aug 2003

The
Home Office is closing a final salary pension scheme for staff at the Racial
Equality Council (REC), just weeks after announcing a package of measures aimed
at boosting confidence in pensions.

A
Labour MP said the move would “seriously disadvantage” staff of the REC and
could be seen as a green light for other employers to do the same.

Paul
Stinchcombe, MP for Wellingborough, called on home secretary David Blunkett to
reconsider terminating the national scheme for the REC.

The
pension scheme, which has 377 members, is run by the Home Office-funded
Commission for Racial Equality.

It
closed its doors to new members in 1999 in response to rising costs. Now the
CRE and the Home Office are proposing to junk the scheme, so that even existing
employees will no longer be able to contribute to it.

Instead
of carrying on paying into a scheme which guarantees a level of pension
benefits linked to their salary, employees will almost certainly have to pay
future contributions into a money purchase scheme offering no such guarantees.

"I
feel as though I’ve been kicked in the teeth. A ‘contract’ with my future has
been unceremoniously breached,” said Paul Crofts, chief executive of
Northamptonshire REC.

"You
read about these things in respect of the private sector, but I never expected
a government-funded scheme would be doing this to a relatively small number of
people."

Glyn
Jenkins, senior pensions officer at trade union Unison, said: “This is
[effectively] a pay cut that may mean people working for the REC in future will
be living in poverty and will be reliant on the state when they retire.”

By Quentin Reade

Avatar
Personnel Today

previous post
CSR minus HR equals PR
next post
NHS recruitment campaign attracts record numbers

You may also like

Christian doctor loses transgender pronoun case, but beliefs...

29 Jun 2022

New chief workforce officer at NHS England

29 Jun 2022

Staff shortages affecting business growth at three in...

29 Jun 2022

MP seeks action on Passport Office’s ‘toxic’ working...

29 Jun 2022

Six in 10 seek help with cost of...

29 Jun 2022

What has cyber security got to do with...

29 Jun 2022

Green jobs: are there shoots of growth on...

29 Jun 2022

Hire quality vs speed: Finding the perfect balance...

29 Jun 2022

Retaining talent during the great resignation (webinar)

29 Jun 2022

Law protecting frontline workers against violence takes effect

28 Jun 2022
  • NSPCC revamps its learning strategy with child wellbeing at its heart PROMOTED | The NSPCC’s mission is to prevent abuse and neglect...Read more
  • Diversity versus inclusion: Why the difference matters PROMOTED | It’s possible for an environment to be diverse, but not inclusive...Read more
  • Five steps for organisations across the globe to become more skills-driven PROMOTED | The shift in the world of work has been felt across the globe...Read more
  • The future of workforce development PROMOTED | Northumbria University and partners share insight...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+