UK and Europe   |   Asia Pacific
Date: 28/08/08 
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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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17-Mar-08 10:10 [Legal]
Public sector volunteers to get pension contributions boost
Public sector workers who volunteer to work in the poorest countries in the world are to be rewarded with over £13 million in new pension contributions.

Currently when workers such as nurses, doctors and teachers volunteer in poor countries they miss out on their pension contributions while they are abroad but a government scheme aims to change that.

Dawn Primarolo, public health minister said: "Our health service workers who volunteer can really make a difference in developing countries. And there are huge gains for the UK health service."

She added that staff who get volunteer get "unique opportunities to develop their skills" which they can then "put to use in the NHS" when they are home.

The decision by the government follows a report by Lord Crisp on how the UK can improve its links with poorer and developing countries.




Final salary benefit pension schemes are to see a greater fall soon, with a growth in scheme closures to existing members as large employers look to lose their remaining liability, it has been revealed. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
European pension timebomb 'is ticking'
By 2060, there will be only two people of working age for each person over 65, putting huge strains on the EU pension economy, it has emerged. Find out more>
27-Aug-08 [Europe, Middle East and Africa]
Latvian pension reform fails to be passed
A referendum held by the Latvian government has failed in its attempt to raise the national old age pension rate, it was reported. Find out more>

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