The Law Society has secured trade union agreement for new proposals overhauling pay and pensions for 1,400 staff across its three divisions. Unite has recommended that employees accept a 2.1% pay rise, backdated to January 1, together with an incremental rise or bonus on the pay range where eligible. Supplementary allowances will rise by 2.1%.
Measures to ease the funding burden on the Society's final salary pension scheme have been agreed with the scheme's trustees, and plans are progressing to introduce a new defined contribution scheme.
Des Hudson, the society's chief executive, said: 'The Law Society has to operate in a business-like manner to be effective for its members. In common with many organisations, we are taking steps to bring our pension arrangements for staff onto a sustainable footing because these are a major cost for any employer. Current levels of cost and risk are not sustainable. Our remuneration and pension provision must be fair to those who pay and those who work for the Society.'
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