Employers call for answers in flexible pension hold-up

first_img Comments are closed. The Government was urged by employers to openly debate the issue of flexibleretirement as soon as possible, at a conference in London last week. Speaking at the event, minister for pensions Ian McCartney refused to committhe Government to a date when it would review the current regulations. He said, “It’s a complicated issue and we are examining ways to letolder workers draw occupational pensions and continue to draw a salary fromemployers. We are committed to do it, as stated in our party manifesto.” Currently, Inland Revenue regulations prevent staff from drawing anoccupational pension and a salary from the same employer. Sam Mercer, director of campaigns at the Employers’ Forum on Age, said,”We are told that it’s a terribly complicated issue, but the Governmenthasn’t explained why it is so complicated. We need to debate this issue,”she said. Ray Baker, sustainable development controller for B&Q, called for opendialogue with the Government. He said, “The issue needs an open debate tofind out the issues which are stopping the Government from moving ahead morequickly. We need to demystify pensions, and the Government must talk to employersabout it.” The Government missed its own deadline for a review of the pensionregulations. This was originally set for March 2000. Mercer, commenting at the Employers’ Forum on Age annual conference. said,”If the Government can’t afford so many economically inactive people inthe UK, then it needs to review the pension regulations to encourage flexibleretirement.” By Karen Higginbottom www.efa.org.uk Previous Article Next Article Related posts:No related photos. Employers call for answers in flexible pension hold-upOn 3 Jul 2001 in Personnel Todaylast_img read more