TITLE

EIGHT IN TEN DIRECTORS RETIRE AT 60

PUB. DATE
December 2005
SOURCE
Nursing Standard;12/7/2005, Vol. 20 Issue 13, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that trade unions hit back last week at business leaders who criticized Great Britain's government's decision to allow nurses already in the Great Britain National Health Service's pension scheme to retire at the age of 60 years. The Trades Union Congress published data showing that eight out of ten company directors have deals that allow them to retire without penalty at the age of 60 years. The figures show that, on average, directors' pensions are worth 26 times more than their employees' deals. It takes nurses 40 years to build up a full pension while company directors can build up a full pension in 30 years.
ACCESSION #
19329674

 

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