CBI welcomes Pensions Green Paper

February 2003
Management Services;Feb2003, Vol. 47 Issue 2, p6
Academic Journal
The British-based organization CBI has welcomed the British government's pensions Green Paper and Inland Revenue of pensions taxation as a 'useful first building block' for the stabilizing of the British pensions system. The Green paper did not propose employer compulsion which the CBI has campaigned against. But it does include proposals to simplify the pensions taxation regime and pensions administration. The Green paper also takes forward the CBI proposal that employees be allowed to draw a partial pension while continuing to work for the sponsoring employer. The CBI also welcomed the decision not to raise the state pension age, but expressed disappointment about the government's plans to abolish normal retirement ages.


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