Learning and Work Institute is proud to have been accredited as a Living Pension Employer.
The Living Pension is a voluntary savings target for employers who want to help workers, especially those on low pay, build up a pension pot that will provide enough income to meet basic everyday needs in retirement. It launched in March 2023.
The Living Pension savings target is 12% of a full time Living Wage worker’s salary, made up of a minimum 7% employer contribution. The Living Pension savings target can also be met as a cash amount of £2,950 a year. The employer contributes at least £1,720 to this cash amount.
Stephen Evans, chief executive of Learning and Work Institute, said:
“We are pleased to have received Living Pension Employer accreditation. Our vision is for a fair and prosperous society where learning and work enable everyone to realise their potential; and we work hard to make that vision a reality for the people within our organisation through fair pay and staff benefits.”
