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Date: 07/08/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

employee rewards & benefits news

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02-Apr-08 10:15 [Pensions]
Postal workers reject pension scheme changes
The Communications Workers Union (CWU) has revealed that postal workers in the UK are considering strike action if the Royal Mail does not change the proposed alterations to their pensions scheme.

In a ballot of CWU members, 92 per cent of workers voted to reject the pensions scheme proposals.

Dave Ward, deputy general secretary of the CWU, said: "The result of this ballot clearly demonstrates that Royal Mail's pension consultation was a sham. With such overwhelming opposition to their plans, if Royal Mail can't find an acceptable solution with the CWU, industrial action will be inevitable."

Royal Mail has already implemented the changes, and claims that the union agreed to them last year.

Less generous schemes for existing staff and new employees are part of the changes as well as retirement being set at 65 instead of 60.

The CWU was formed in January 1995 and with 250,000 members, is the largest communications union in the UK.




07-Aug-08 [Pay and Reward]
Scottish referees call off strike
The Scottish Premier League (SPL) will not be delayed this weekend after the division's referees were given a £225 pay rise per game, it has emerged. Find out more>
07-Aug-08 [Pay and Reward]
Underground staff in 24-hour strike
Workers on the Metropolitan Line of the London Underground have begun a 24-hour strike today in a dispute over staff transfers, it has been reported. Find out more>
New research from the Prudential has revealed that over one in three working-age adults have lost sleep over retirement worries, particularly in the face of a rising bills, higher house prices and a general sector slowdown. Find out more>

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