Commenting on the announcement today (Tuesday) by Pensions Minister Steve Webb that he is raising the salary level that triggers auto-enrolment into a workplace pension to £10,000, TUC General Secretary Frances O’Grady said:
“Every time the government raises the auto-enrolment threshold another group of workers, most of whom are women, drop out of saving for their pension.
“With the average part-time salary just under £9,000 a year, the majority of the UK’s six million part-time workers will no longer be automatically enroled into a workplace pension.
“It is time to break the link between the income tax threshold and the auto-enrolment threshold unless we want to turn auto-enrolment into a pensions system that predominantly benefits men.”
NOTES TO EDITORS:
- According to the Office for National Statistics’ Annual Survey of Hours and Earnings 2013, median gross annual pay for part-time employees is £8,901. www.ons.gov.uk/ons/publications/re-reference-tables.html?edition=tcm%3A77-328216
- The TUC’s campaign plan can be downloaded from www.tuc.org.uk/campaignplan
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
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