Retiring Private Sector Workers Could Be Disadvantaged
Law360, London (April 26, 2021, 5:27 PM BST) -- Private sector employees may be at a disadvantage when they retire compared with public sector workers, unless action is taken to accelerate the buildup of their newer pensions, a consultancy business has warned.
A report by Lane Clark & Peacock LLP said on Saturday that the differences in retirement fortunes is linked to private sector workers taking longer to build defined-contribution workplace pensions than people working in the public sector, who have traditional defined-benefit pensions.
Private businesses have only recently started to offer workers defined-contribution schemes under automatic enrollment. But there is a concern that it will take a long time...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!