Employee Benefits
JANUARY 18, 2022
As people age, making ends meet day-to-day takes a back seat as finances become more stable. There are a number of reasons for this: their salary is often higher than earlier in their career, mortgage payments are probably less onerous and children may be grown up and no longer financially dependent.
Employee Benefits
JANUARY 21, 2022
Positive pension fund growth as well as a pay rise may easily push them over the LTA before they know it. For example*, if someone aged 45 has a pension fund of £400,000 and a salary of £50,000, saves 5% of their salary into their pension which rises by 3% p.a
Business Management Daily
MARCH 14, 2022
Factors such as the higher cost of salary, overqualification, and lesser years of remaining service are considered to be closely tied to age and thus are not reasonable factors for termination under age discrimination laws. Reducing compensation and benefits. Employer strategies for dealing with an aging workforce.
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