Search Results for 'Employment compensation'

The cut in minimum wage came into force today on February 1. Sinn Féin General Election candidate, Thérèse Ruane has described this as a shameful attack on the working poor. Sinn Féin will reverse the cut to protect other low income earners, according to Cllr Ruane. She insists that such a move will force more families into poverty and to rely on supplementary welfare assistance from the State. She also warns on the knock on effect for local businesses in the local economy.

The new national minimum wage rate will come into effect on February 1 following the signing of the order on Wednesday by the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe.

Labour General Election candidate for Mayo Dr Jerry Cowley has said that the Government decision to reduce the minimum wage could have serious implications for small and medium businesses all over the country.

While the campaign to stop any cuts for pensions proved successful in the four year recovery plan, Age Action has expressed its disappointment that the Government has ‘agreed to freeze the rate of the State pension until 2015, as part of the bailout deal it has reached with the IMF and the EU’.

The news that the government is going to cut the minimum wage by €1 an hour provoked anger this week from Sinn Féin Castlebar town councillor Thérèse Ruane and Labour Party general election candidate Gerry Cowley.

Recent analysis by European insurer Aviva has shown that people in Mayo need to save an additional €9,100 a year to live adequately in retirement. Mayo’s annual pensions savings gap, the difference between what is currently being saved and expectations for retirement, stands at €550 million, the equivalent of an average €758 per capita per month of working age or €9,100 a year. These are among the findings of a comprehensive analysis of Ireland’s retirement landscape to date by the company.

Dear Editor,

Research conducted for AIB by RED C Research shows that 73 per cent of adults without a private pension say they would need to supplement the state pension to maintain their current lifestyle, while 54 per cent of adults who are saving for a private pension have no idea what income this is likely to provide.

With the 65 years of age cut-off point long associated with retirement now being called more into question as people continue to live and work longer, a new definition is now being sought for retirement. According to research presented this week at the Retirement Planning Council of Ireland Conference at the Aviva Stadium in Dublin, four out of 10 people coming up to retirement have now expressed a desire to continue working after they leave their current job, whether for money or as volunteers. RPCI CEO John Higgins has now called for a new way to define the concept of retirement in terms, not just of economic gain, but also for social gain.

A new survey from recruitment website www.irishjobs.ie has found that 27 per cent of Irish workers admitted to checking their work emails while on holidays. The survey also revealed that six per cent of workers said they would check work texts while away, and five per cent said they would ring the office while on annual leave.