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High Court rules BBC cannot change pension to cut future benefits

Employee Benefits

billion pension to cut future benefits for plan members but can make other changes without employees’ consent. The case explored the treatment of future service benefits under the BBC pension scheme, which provides retirement benefits on a defined benefit (DB) basis for BBC employees who joined before 1 December 2010.

Pension 98
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Paula Kathrens: How can employers support staff with the menopause?

Employee Benefits

The government’s announcement in January this year that menopause would not become a new protected characteristic under the Equality Act 2010 was very disappointing for those who had campaigned for change. All of this has implications for the gender pay gap , the pension gap and the number of women in senior leadership positions.

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Joanne Frew: The impact of the Retained EU Law Revocation and Reform Bill

Employee Benefits

Employers must ensure that they take into account their responsibilities under the Equality Act 2010, and that any support is offered in a non-discriminatory way. Inevitably, when the workforce is impacted in different ways, questions of discrimination may arise.

Pension 52
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What are you doing to plug your skills gaps? 

LACE Partners

The Government increased the tax relief on pensions in attempt to bring people back into employment but the question remains as to how many businesses will look to tap in to this talent pool? In February the FT columnist Camilla Cavendish wrote an article titled: “Tempting back older workers means ditching business as usual”.

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Common Retirement Plans for Small Business Owners: A Breakdown

Insperity

Between 2009 and 2010, 75 percent of businesses offered an employee-funded 401(k) plan, according to the 11th Annual Transamerica Retirement Survey. With a 401(k) plan, your employees agree to have a portion of their pre-tax income deposited into a retirement savings account each pay period. Simplified Employee Pension (SEP).

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HR’s 2018 year in review part one

cipHR

The results could not only have repercussions for athletes’ funding but have an impact for gig economy workers with regards to tax, pensions, holiday and sick pay. Bloomberg reports that those found to be in violation of the 2010 Equality Act will face unlimited and unspecified fines. Brexit paralysis continues.