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National minimum wage bill

Article Abstract:

The National Minimum Wage Bill was discussed in the United Kingdom's House of Commons on Dec 16, 1997. According to Margaret Beckett, the president of the Board of Trade, the bill would give minimum wage protection to all workers for the first time in United Kingdom history and begin to end poverty pay. The bill gives the Low Pay Commission a statutory footing. The minimum wage has already been in operation for some months on a non-statutory basis and initial recommendations are expected in May 1998. The best estimate for implementation is spring 1999.

Publisher: Eclipse Publications Ltd.
Publication Name: Industrial Relations Law Bulletin
Subject: Law
ISSN: 0969-3637
Year: 1998
United Kingdom, Wages, Minimum wage

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Securing the pension promise

Article Abstract:

The Pension Benefit Guaranty Corp (PBGC) has a multibillion dollar deficit and is becoming more vulnerable to large claims from underfunded pensions. The best solution to this crisis is constructing more effective incentives to fund pensions, and the Bush Administration is seeking legislative reform in the areas of accounting, bankruptcy, pension funding and guarantees with this aim in mind. The proposed change to the minimum funding rules would accelerate the funding process.

Author: Lockhart, James B.
Publisher: Commerce Clearing House, Inc.
Publication Name: Labor Law Journal
Subject: Law
ISSN: 0023-6586
Year: 1992
Finance, Pension funds, Insurance, United States. Pension Benefit Guaranty Corp.

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