The Pension
| Use attributes for filter ! | |
| Initial release | June 15, 2018 |
|---|---|
| Directors | Ryu Jang-Ha |
| Yang Jong-Hyun | |
| Yoon Changmo | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2234719 |
About The Pension
Disability benefits cost could rocket, report says
... The research from LCP, a firm of business consultants which specialises in The Pension and health sectors, forecasts the total number of pensioners claiming PIP will rise from about one million today to 1...
What's next for Wilko and its 12,500 workers?
... A PPF spokesperson said: " We understand this must be a worrying time for The Pension scheme members and we d like to assure those members that we re here to protect them if needed...
Kirklees police chief condemns jokes about 'baby-faced' recruits
... One respondent said they looked like " toddlers" while another wrote: " Has The Pension got so bad that they have to start at 12? " Defending the officers, who she named only as Alfie and Noah, Supt Brear said both had shown they have the skills to " make great cops"...
Tube strike: More London Underground staff to join walkout
... As part of the dispute, Unite has called for a guarantee that there would be no increase in employee contributions to The Pension scheme, no decrease in employer contributions, and no reduction in pension fund benefits...
Sri Lanka: The fate of a protest that toppled a president
... But opposition leaders say this could have an impact on The Pension funds of Sri Lankan workers...
LGBT veterans want military ban report immediately
... " Like many LGBT veterans who were dismissed, Ms Morgan is not eligible to withdraw The Pension she built up during her service and is now left on a low income...
Finance delays for divorcing teachers and NHS staff as pensions recalculated
... Louise Harris, 41, from Kesgrave in Ipswich, says the recalculation of The Pension " cash equivalent transfer value" - or CETV - means her children are currently stuck in an unsuitable home...
Brigitte Macron's great-nephew beaten in apparently politically motivated assault
... Mr Macron has faced some of the biggest demonstrations in a generation over his reform to The Pension system, which is set to raise the retirement age from 62 to 64 later this year...
Finance delays for divorcing teachers and NHS staff as pensions recalculated
By Claire EllisonBBC News
Divorcing teachers and NHS staff face delays to their financial settlements while the Treasury recalculates public sector pensions.
Both current and retired staff are affected, risking a " severe and drastic" impact on thousands of divorcing couples, say solicitors.
One Woman told Bbc News she was not expecting The Change and has been unable to move home.
The Treasury announced The Delay in March, promising a solution by summer.
Although only teachers and NHS workers are currently affected, police officers, firefighters and armed forces personnel are expected to be next In Line .
Louise Harris , 41, from Kesgrave in Ipswich, says the recalculation of The Pension " cash equivalent transfer value" - or CETV - means her children are currently stuck in an unsuitable home.
" It's having a negative impact on my children and also My Own Mental Health , " the former teacher told Bbc News .
" My Family is having To Live in a space that isn't suitable. It's unacceptable that this has been put in place unexpectedly. "
When couples separate, they finalise their financial arrangements through a consent order - a legally-binding agreement reached between spouses based on the value of their current assets.
Both parties must provide details of any property, savings, and pensions they possess.
If they have a public sector pension, the only way to determine its Current Value is to request a cash equivalent transfer value (CETV).
In March, the NHS and teachers' pension schemes both temporarily suspended any calculation of CETV while they awaited new " factors" - Complex mathematical tables used to calculate the value of pensions.
'Massive problem'James Brien, from Easy Online Divorce, said the Treasury changes and subsequent delay was creating " a huge amount of unnecessary stress" for divorcing couples.
" It began with a couple of teachers who told us they couldn't provide their pension figures because there was an embargo.
" The phones have been ringing non-stop as more and more people have become aware of this massive problem.
" For most couples, pensions are the biggest asset they have after their home, so this delay creates a huge amount of unnecessary stress and uncertainty.
" It is possible to divorce without agreeing on finances, but it's risky, especially with pensions, because you will lose any entitlement to a widow/widower's pension rights or benefits after completing The Divorce . "
There are about 120,000 divorces a year; about 17% of employees work in The Public sector.
Hm Treasury says it announced changes to The Way public sector pension CETVs should be calculated on 30 March.
" Following The Announcement , the calculation of CETVs was temporarily suspended to allow time for guidance to be updated to reflect The Change , " say official background notes.
According to the document: " Guidance was published on 27 April 2023 by Hm Treasury and the suspension has ended" but solicitors say they are still encountering delays, leaving thousands of divorcing couples unable to move on with their lives.
Related TopicsSource of news: bbc.com
