Morrisons looks to cut contribution rates in response to AE extension

Supermarket looks to manage increases in pension costs following move to expand AE

Martin Richmond
clock • 2 min read
Morrisons looks to cut contribution rates in response to AE extension

The supermarket chain Morrisons has come under pressure from unions after it unveiled proposals to rebalance pension contribution rates as a result of the expansion of auto-enrolment (AE).

Trade union Unite said Morrisons had unveiled proposals which would increase the contributions hourly paid employees put into the scheme, while reducing the employer contributions put into the sche...

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