Contractors count pensions cost
Language: English Series: Construction News ; (6959) 23 March 2006, 24-25(2)Publication details: 2006Subject(s): Summary: Reports on how the pensions crisis is effecting the construction industry, and the steps being taken to meet it. Several companies have closed final salary pension schemes to new entrants, and broken the link between final salary and pensionable salary, whilst others are demanding higher staff contributions. The requirement for companies to indicate how they intend to make good pension fund deficits is also expected to have adverse affects on cash flow. Contains results of a survey into pension provision in the construction industry.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L132970 (Browse shelf(Opens below)) | 1 | Available | 132970-1001 |
Reports on how the pensions crisis is effecting the construction industry, and the steps being taken to meet it. Several companies have closed final salary pension schemes to new entrants, and broken the link between final salary and pensionable salary, whilst others are demanding higher staff contributions. The requirement for companies to indicate how they intend to make good pension fund deficits is also expected to have adverse affects on cash flow. Contains results of a survey into pension provision in the construction industry.