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Originally Posted by HarryT
Under new pension law, which comes into force this April, the employer of agency staff (ie the agency itself) will have to provide a pension scheme for their staff.
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A minimum of 8% of an employee's qualifying earnings must be paid into a pension, which is made up of:
3% employer contributions;
5% employee contributions, of which 1% comes in the form of tax relief
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So the employer will be forced by law in the future to contribute 3% of an employee's salary to their pension fund. To say they will be providing a pension scheme is, I think, stretching it a bit, especially when all Amazon pay them in the first place is the pitiful minimum wage. And of course, many employees will opt-out of the reform as the minimum wage Amazon is paying them is not a living-wage, and as such, they can hardly afford a 4-5% reduction on their already paltry pay-packet.