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Pension view ‘not radical enough’

July 3, 2009 by samsonites · Leave a Comment

Couple walker

The author of an influential report into the future of pensions now believes that his proposals were not radical enough.

Lord Turner told the BBC he would now argue that the age at which people received a state pension should be raised more quickly.

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Tagged: Average Wages, Bbc, Decades, Economic Downturn, Government Pensions, Health, Household Name, Life Expectancy, Men And Women, Pension Policy, Pension Schemes, Personal Pension, Proposals, Public Sector Workers, Quot Quot, Recession, Salary, Sect, Sharp, State Pension

Workers face ‘painful’ wage cuts

November 26, 2008 by samsonites · Leave a Comment

Former workers of a Chinese firm that recently went bankrupt

Millions of workers face “painful” wage cuts because of the global economic crisis, the International Labour Organization (ILO) has said.

“For the world’s 1.5 billion wage-earners, difficult times lie ahead,” said ILO director general Juan Somavia. Read more

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Tagged: Average Wages, Bbc News, British Broadcasting Corporation, Difficult Times, Director General, Energy Prices, Eurozone, Global Downturn, Global Economic Crisis, Global Financial Crisis, Global Growth, Gross Domestic Product, Ilo, Industrialised Countries, International Labour Organization, Percentage Points, Recession, United Nations Agency, Volatile Food, Wage Earners

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