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The Old State Pension, consisting of the Basic State Pension (alongside the Graduated Retirement Benefit, the State Earnings-Related Pension Scheme, and the State Second Pension; collectively known as Additional State Pension), is a benefit payable to men born before 6 April 1951, and to women born before 6 April 1953.
The Pension Protection Fund was set up to act as a safety net in case a scheme was unable to pay the defined benefits it was committed to. According to the PPF, pension funds in the UK are estimated to have been £367.5 billion in deficit at the end of January 2015. The report [20] puts the deficit at 40%. The PPF figures show that the funds ...
In Norway, the right to holiday pay is established in the Holiday Act of 1988 (ferieloven). [8] An employee who has not been working the previous year has the right of vacation, but does not have the right of holiday pay. The holiday year (ferieåret) is defined as the year when the employee leaves for holiday. The holiday pay earned in the ...
Every employer shall grant to an employee who has been in continuous employment with the same employer for: (a) a period of 1 to 6 years - annual leave on full pay at the rate of 1.25 working days per month for each year of employment; or (b) a period of 7 to 19 years - annual leave on full pay at the rate of 1.75 working days per month for ...
The central provision of the convention is found in Article 3, which states that people to whom the convention applies shall be entitled to an annual paid holiday of a specified minimum length, and that although the ratifying state may select the length of the minimum holiday, it "shall in no case be less than three working weeks for one year of service".
In 2012, there was a special holiday on Tuesday 5 June to celebrate the Diamond Jubilee of Elizabeth II. The Spring Bank Holiday moved to Monday 4 June to create a four-day weekend. [40] In 2020, the early May bank holiday originally set for Monday 4 May was moved to Friday 8 May to commemorate the 75th anniversary of VE Day. [41] [42]
In the UK in 2021, of the total working population 32.5 million people were employed, there was 4.2% unemployment, and 6.6 million trade union members.The average income was £30,472, and the average working week was 36 hours.
The Holidays with Pay Act 1938 (1 & 2 Geo. 6. c. 70) was legislation of the Parliament of the United Kingdom which provided for paid holidays for working class employees, [1] and was the result of a twenty-year campaign. [2] The Act was repealed by the Statute Law (Repeals) Act 2004. [a] [3]