Gold-plated public sector pensions 'set to cost every family 1,500'Last year the net cost of paying the pensions of retired State workers was 8billionThat figure is set to more than double in 2017/18 according to a Treasury watchdog , the net cost of paying the pensions of retired State workers was 8billion. But this figure is set to rocket to 16.2billion in 2017/18, according to the forecast by the Office for Budget Responsibility, the Treasury’s independent watchdog.
Employers 'reluctant to hire over-50s' as they can't force them to retire at 65Unemployed over 50s are struggling to find work due to 'ageism' Since October 2011 no worker can be forced to retire at the age of 65 By Becky Barrow PUBLISHED: 01:58 GMT, 12 March 2013 | UPDATED: 01:58 GMT, 12 March 2013 Ageist market: Unemployed over 50s are struggling to find work as bosses fear they may continue to work into their 70s and beyond Unemployed people in their 50s are finding their desperate hunt for a job ‘made worse’ by a key Government rule change, a damning report warned yesterday. Before the change, a boss could ask a worker to leave from the age of 65, known as the ‘default retirement age’, as long as they had been given six months’ notice
University professor, 37, dies from lung cancer after doctors dismissed her symptoms as 'anxiety and depression' Lisa Smirl, 37, saw three doctors with a range of symptoms over a yearHad been suffering from shortness of breath, weight loss and arm pain Despite this, doctors dismissed her symptoms as psychological , but took early retirement. Despite battling the disease, she maintained an honorary lectureship in the department until her death on February 21. She also completed a Great North Run to raise funds for the Roy Castle Lung Cancer Foundation in November 2012
Wife killed in 999 crash on day of her husband’s champagne retirement Wendy Williams was killed as she pulled out in front of an ambulance in 2009Husband Terry Williams told an inquest of hearing the devastating news Kevin Webster was found not guilty of causing death by careless driving By Paul Bentley PUBLISHED: 12:25 GMT, 5 March 2013 | UPDATED: 22:01 GMT, 5 March 2013 Tragic news on retiring: Terry Williams was devastated to discover that on the day he retired, his wife Wendy was killed in a crash with an ambulance It was meant to be the first day of the rest of their lives. Terry Williams had arrived home, laden with champagne and gifts, to celebrate his retirement with his wife after a 40-year career. But their dreams of sharing a new stage of life together were not to be
W*****! Headmaster’s message announcing teacher’s retirement hid coded insult which was spotted by his departing colleague Mark Dunning announced Roger Clark's retirement in school newsletterBut Mr Clark noticed the kind words were not what they seemedMr Dunning has now quit the 13,000-a-year Orley Farm School in Harrow By Helen Lawson PUBLISHED: 10:32 GMT, 1 March 2013 | UPDATED: 20:15 GMT, 1 March 2013 Retired teacher Roger Clark was insulted by his headmaster Mark Dunning in a school newsletter As retirement announcements go, it seemed kind and innocuous enough. But a prep school headmaster's wordplay has cost him his job after his departing colleague detected a stronger sentiment between the lines. 'It is with mixed feelings that I announce the retirement of Mr Roger Clark at the end of this term,' wrote Mark Dunning, the head of the 13,000-a-year Orley Farm School in Harrow, north-west London.
The future's bright thanks to orange: Pensioner sells collection of fruit wrappers to fund holiday with his wife Eric Bradshaw, 83, owns albums containing nearly 3,000 wrappers The collection was started by his grandfather during the 1920sHe now hopes to sell the lot to pay for a cruise for his wife By Sam Adams PUBLISHED: 17:46 GMT, 21 February 2013 | UPDATED: 07:55 GMT, 22 February 2013 Most people simply throw away food wrapping without a second thought. But pensioner Eric Bradshaw, 83, is hoping to sweeten his retirement by cashing in on what is believed to be the world's biggest collection of fruit wrappers.
Private sector pensions shut down at record rate: Millions face working into their 70s for paltry payoutsOnly 13 per cent of new recruits at companies will get a 'final salary' pensionThe figure is dramatically down from the 43 per cent of new recruits in 2005National Association of Pensions Funds highlights a pension apartheid By Becky Barrow PUBLISHED: 02:24 GMT, 28 January 2013 | UPDATED: 02:24 GMT, 28 January 2013 Gold-plated pensions in the private sector are being shut down 'at the fastest rate on record', a report by the National Association of Pensions Funds warns today.
Now workers face waiting until 70s for a state pension: But new flat rate means mothers won't lose out in most radical reforms for a century David Cameron and Nick Clegg will announce plans for new flat-rate pension New rate will be more generous and is expected to be worth 155 a weekBut the state pension age will increase further in years aheadIain Duncan Smith said the changes will be 'brilliant for women' By James Chapman PUBLISHED: 00:47 GMT, 5 January 2013 | UPDATED: 02:01 GMT, 5 January 2013 Women will benefit from the most radical pension reforms for a century – but younger workers will have to delay their retirement into their 70s and beyond, it emerged last night. David Cameron and Nick Clegg will next week outline plans for a new, more generous flat-rate pension, expected to be worth 155 a week. But the sting in the tail is that the state pension age – already set to rise to 67 for both men and women between 2026 and 2028 – will increase further in the years ahead
Minister pleads with Treasury to 'get on with' elderly care reform amid calls to cut fuel bill help for 80% of pensioners Care minister Norman Lamb tells MailOnline the issue of how to fund care for ageing population must be removed from the 'long grass Think tank report by ex-minister Paul Burstow calls for 10million pensioners to lose winter fuel allowance to pay for cap on care bills But campaigners say it would penalise those who saved for their old age there were 2.06million people claiming Pension Credit.
Town hall staff pay in only a QUARTER of the cost of their pensions while taxpayers fork out 6billion a year Council workers paid in 1 for every 4 paid out last year, new figures show Local Government Pensions Scheme put just 1.84billion awayDetails emerge as Eric Pickles finalises pensions deal with the unions By Steve Doughty PUBLISHED: 00:16 GMT, 1 January 2013 | UPDATED: 01:22 GMT, 1 January 2013 Local Government Secretary Eric Pickles is finalising a deal with unions to rein in pensions spending Council workers paid in only 1 for every 4 paid out in town hall pensions last year. Nearly 6billion of the 8billion cost of the scheme came from taxpayers, an official report has found.