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Morrisons warehouse workers strike over pension contribution change

Employee Benefits

About 1,000 Unite union members working at two Morrisons warehouses have undertaken strike action for three days over a cut in company contributions to their pensions. She said: “Unite will not stand for such behaviour from any employer, let alone one like Morrisons which is raking in massive profits in the midst of a cost-of-living crisis.

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XPS Pensions Group accredited as menopause-friendly employer

Employee Benefits

Pension consulting and administration business XPS Pensions Group has been awarded menopause-friendly accreditation ahead of World Menopause Day (18 October). Ben Bramhall, co-chief executive officer at XPS Pensions Group, said: “We are delighted to have achieved accreditation as a menopause friendly employer.

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B and Q and Screwfix give retail staff pay rise

Employee Benefits

Home improvement retailers B and Q and Screwfix, both owned by Kingfisher, have announced that shop floor workers will receive a pay rise to £10.60 Kingfisher also provides share schemes, discounts across various national retailers and access to financial wellbeing app Wagestream. from 1 April, an 8.2% increase, respectively.

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Make the Most of Free Money

Money Talk

Employer Match- This is money contributed to employees’ retirement savings accounts to match what they save. Retail Rewards - Loyalty programs are common among retailers and restaurants and shoppers can earn points that convert to cash-off or free meals. Cash-back rewards are considered a rebate by the IRS and are not taxable.

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Gretna Green accredited as living wage employer

Employee Benefits

Credit: chrisdorney / Shutterstock.com Wedding venue and events business Gretna Green has received living wage employer accreditation from Living Wage Scotland. The accreditation celebrates employers that choose to go further than the government minimum by paying the real living wage on a voluntary basis to all relevant workers.

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The Impact of Indexing: 13 Real World Examples

Money Talk

For example, the Consumer Price Index (CPI) measures changes paid by consumers for frequently-purchased retail goods and services. Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans.

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The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Annual employer-funded health screening for the leadership team. 26 weeks deferred period.

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