Britain begins pension reform
- Published: 1 Oct 2012 at 21.39
- Online news:
Britain's biggest firms were from Monday required to pay into pension schemes aimed at benefiting millions of workers, as the government struggles to finance the cost of retirement.
"The biggest change in pensions for over a hundred years _ automatic enrollment _ starts today,'' the Department for Work and Pensions said in a statement.
"Starting with the largest firms in October, employers will now be required by law to pay into a workplace pension for staff who do not opt out.''
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