THERESA May’s public sector wage hikes have left tens of thousands of public sector workers with LESS take home pay. Experts last night said nurses and teachers were among those facing huge disappointment despite increases billed as the “biggest for a decade” by the Government just weeks ago. The pay hikes have moved certain workers into a higher pension contribution band – meaning the state takes more towards their retirement. Insurer Royal London said an employee on £26,500 who gets a 2 per cent pay hike could have as much as £146 a year less in their pocket to spend because their pension contributions move from 7.1 per cent to 9.3 per cent. One NHS source said a number of young nurses were shocked to see their most recent pay packet go DOWN. Others had seen an increase of as little as 60p a month. She said: “People recognise the NHS pension is a rare golden one. “But for many young families this has impacted their current lives. No one … [Read more...] about Theresa May’s public sector wage hikes leaves tens of thousands of public sector workers with LESS take home pay
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A WAITRESS who claims restaurant bosses took more than £700 of her tips has published her payslips online in a bid to shame her former employers. Emma Smith, 27, quit her job at Albert's restaurant in Didsbury, Manchester, last week. She claims deductions for errors and tips being reclaimed by owners Elle R Leisure meant staff took home just a fraction of their earnings. The restaurant has admitted charging staff for mistakes 'very occasionally' but claimed staff keep 90 per cent of their tips. Emma wrote on Facebook: "Albert’s unfairly take tips off their staff to line the owners pockets. “If you’re happy that the majority of your card tips go direct to the company then continue to do so, I just thought everyone should be aware of this. The only tips we actually get are cash. "I have just left this company as 70% of the card tips and 10% service charges go directly to the owners and are used to pay the salaried staff their wages. "At the end of every night … [Read more...] about Waitress, 27, posts her payslips online to ‘prove restaurant takes £700 worth of her tips’
One month this summer, most Colorado state employees will have less money in their wallet. The expected shift to a new payroll system would mean more than 27,000 government workers get paid in July for only five days, rather than the traditional lump sum for a month’s salary. A move to biweekly “lag pay” would force state employees who operated under a different system for decades to adjust their family budgets and rethink how they pay monthly bills. For a state employee making $55,200 a year, the July 20 gross pay would amount to $1,062, according to estimates. Under the current policy, the same worker would expect $4,600 on the final working day of the month. “There’s just a lot of uproar around this,” said Hilary Glasgow, the director of Colorado WINS, a state employee union. To make matters worse, the entire transition remains in limbo. Gov. John Hickenlooper’s administration began telling state employees weeks ago that it will move to … [Read more...] about Only 5 days’ pay in July? Here’s why Colorado state employees are mad and lawmakers are under pressure.
Workers will have to pay more into their pension pots from today as the latest stage in a "quiet revolution" gets under way. The minimum amount that can be put into a saver's retirement pot under automatic enrolment has increased to a combined 5% of earnings.This is made up of a minimum 2% from a person's employer and 3% from the employee.The minimum rate was previously 2% overall - 1% each from the employer and employee.In April next year, the rate will rise again - to 8% (3% from the employer and 5% from the employee).The rises are part of a Government effort to make people build an adequate fund for retirement, but some have warned they may feel like a "harsh jolt" to employees and their bosses.:: Sky Views - Ian King: Will workers jump or stay in the pension saucepan?Rebecca Goldring, a tax manager at accounting firm Blick Rothenberg, said: "For many, this increase will feel like a harsh jolt."The Bank of England forecasts wage growth this year and with a rise in the income tax … [Read more...] about Workers paying more into pensions from today
How much more should a company boss earn than the person who empties his wastebin? The issue is being hotly debated in Switzerland ahead of a popular vote seeking to dramatically rein in executive salaries. On November 24th, the Swiss head to the polls to determine whether it should be illegal for the highest wage-earner in a company to take home drastically more in a month than the lowest-paid employee makes in a year. The radical proposal has been dubbed 1:12 after the ratio it seeks to set between the highest and lowest salaries in a company. It was put forth by the Socialist youth wing two years ago, and received more than the 100,000 signatures needed to put any issue to a popular vote as part of Switzerland's famed direct democratic system. The initiative has also received widespread support from Swiss unions. They have plastered the wealthy Alpine country with posters to illustrate the justness of their cause, including … [Read more...] about Voters to take on exec pay at the ballot box