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GOVERNMENT UNVEILS PROPOSALS ON PENSION REFORM

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Social security secretary Alistair Darling is to unveil a green paper on pension reform which will propose giving f...
Social security secretary Alistair Darling is to unveil a green paper on pension reform which will propose giving firms the right to require their workers to join the company pension scheme.

The Times (p1) reports that until 1988 firms could make joining the pension scheme a condition of employment. But that was removed during a pensions shake-up under the last government.

The green paper will make plain that the government is ready to restore the right to make membership of schemes a condition of doing their job unless they can show that their alternative arrangements for pension provision are just as good or better.

The government is also expected today to announce a system of tapered national insurance rebates to encourage lower and middle income earners to take up second incomes.
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