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Date: 09/01/09 
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Inflation

Retail Prices Index

November 3.0%
October 4.2%
September 5.0%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to October 2008 (exc. bonuses)

Private Sector 3.6%
Public Sector 3.7%


Source:
Office of National Statistics

employee rewards & benefits news

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16-Oct-08 11:15 [Pensions]
TUC: Pensions "fair and proper" in public sector
Following the release of a report by the Pensions Policy Institute (PPI) today, the Trades Union Congress (TUC) has criticised those who selectively quote findings to suit their own agendas.

TUC general secretary Brendan Barber stated that an "increasingly vocal group" were privy to misusing the findings of the PPI's report to criticise public sector pensions with much of the "propaganda" levelled at them being due to prejudice and not fact.

Mr Barber added that the critics were inconsistent and unable to logically attack the government's commitment to the sector yet complain about the decline found with private sector pensions.

He continued: "The problem is not fair and proper public sector pensions, but the retreat by private sector employers from their responsibilities.

"The solution is to level-up, not strip away pensions from vital public servants."

Yesterday, Mr Barber commented on the latest unemployment figures as worrying news and the next major hurdle for the government, especially after years of taking employment for granted.

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08-Jan-09 [Europe, Middle East and Africa]
Irish pension funds 'lose £25bn in three months'
The last 12 months have proven to be a very painful time for pension funds in Ireland, according to an investment consultant service's research this week. Find out more>
In response to a worsening situation on the high street, major retailer Marks & Spencer (M&S) has announced 1,200 job cuts and big changes to the current final salary pension scheme they offer. Find out more>
08-Jan-09 [Pay and Reward]
Over 5m 'working unpaid overtime'
The value of the hours of unpaid overtime in the UK is £26.9 billion, according to the Trades Union Congress (TUC). Find out more>

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