Recession prompts Aon to reduce employee pension contributions

Brockett, James
April 2009
People Management;4/23/2009, Vol. 15 Issue 9, p8
The article reports on the decision of insurance firm Aon to reduce its employee pension contributions to cut costs. It provides an overview of the changes in the defined-contribution scheme of employees of Aon. Peter Harmer, chief executive of Aon, argues that the pension cut is preferable than implementing a shorter working week or unpaid holidays. Derek Simpson, joint general secretary of the trade union, Unite, offers his comments on the move of Aon.


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