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TUC warn of new employer NPSS lobbying risk

An ‘under the radar’ lobbying campaign headed by retail and hospitality firms could harm the pensions of one in six workers, warns the Trade Union Congress.
The TUC says it has learnt major employers are lobbying ministers to introduce a waiting period of one year before employees in a new job gain compulsory employer contributions to the NPSS.
TUC research shows this would mean on any day one in six workers- 4.3 million people- missing out on a pensions contribution.
It says workers who frequently change jobs would therefore receive a significant reduction in pension contributions over their working lives.
TUC general secretary Brendan Barber says: “The Government was right to face down the employer organisations who opposed compulsory pension contributions. But some are now engaged in a last minute, under the radar attempt to rip the guts out of the new pensions system by making staff wait for a year in every new job before they start to build up a pension.”

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