Socialist Worker

Bosses' pensions let off

Issue No. 1680

Bosses' pensions let off

THE GOVERNMENT has changed its plans for stakeholder pensions to favour employers. The scheme is supposed to replace state pensions by making workers contribute to private pension schemes. Social security secretary Alistair Darling now says that two thirds of Britain's bosses will not have to make a stakeholder pension available to their workforce. Darling was bowing to complaints from small businesses about the cost. He also said workers' minimum contribution to stakeholder schemes will rise from �10 to �20 a month.


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News
Thu 20 Jan 2000, 00:00 GMT
Issue No. 1680
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