Fewer than one in five companies now offer a final salary pension scheme to new staff, it was revealed today. Only 19% of employers will let new staff join their final salary schemes, research ...

But what about pensions? Are they still worthwhile? A few years ago, the final salary pension was a mainstay of the British workplace. And that certainly was worthwhile. Millions of workers knew ...

If done well, new pension reforms that aim to redistribute the extra money trapped in final-salary pension schemes could prove a win-win for both companies and pensioners. The government has quite a ...

Gerry Serrano retired in 2023, and he earned $14,810 a month —  almost $178,000 a year — through his CalPERS pension last ...

Instead of calculating pensions based on the final salary, pensions will now be based on the average salary of the last two years of service. Additionally, the new rules include the ...