A round-up of HR-related stories in today’s newspapers.
Thousands of public sector workers are being denied information about the value of their pensions by the Government while it implements changes laid out in the recent Budget, reports the Guardian. The paper says the problem will primarily affect workers who are in the process of getting a divorce.
Figures out today from the Office for National Statistics show that the current ratio of four working adults for every pensioner will fall to three within a decade, and to two by 2040. The Telegraph says that this means the pension age could be raised to 66 within five years, far sooner than anticipated, as life expectancy rapidly increases.
Premier Foods chief executive Robert Schofield, a long-standing supporter of final-salary pensions, has bowed to investor pressure and told pension trustees and unions he wants to ditch the group’s gold-plated retirement scheme for its 17,000-strong workforce, reports the Guardian.
Prime Minister David Cameron is to highlight potential spending cuts that have been suggested by members of the public and those working in the public sector, according to the BBC. Downing Street says about 100,000 ideas have been submitted to the Spending Challenge website.