Uber to Roll Out Pension Plans for UK Drivers

Uber to Roll Out Pension Plans for UK Drivers

Uber Technologies said it might start rolling out its pension account to all or any eligible drivers within the uk , months after the ride-hailing service granted workers’ rights to its drivers within the country.

In March, Uber had reclassified its quite 70,000 drivers in Britain as workers following a Supreme Court ruling. Uber had also said it might offer guaranteed entitlements, including holiday pay, a pension account and limited wage .

On Friday, the Silicon Valley company said it might contribute 3% of a driver’s earnings into a pension account , while drivers can prefer to contribute a minimum of fifty of their qualifying earnings.

Britain’s GMB union represents Uber’s drivers within the country, and has the proper to barter on behalf of the workforce.

Uber and GMB also urged other ride-hailing companies like Ola, Bolt and Addison Lee to supply similar benefits to their drivers.

“I am extending a call for participation to figure with operators like Bolt, Addison Lee and Ola to make a cross-industry pension scheme. this may enable all drivers to save lots of for his or her futures whilst working across multiple platforms,” said Jamie Heywood, an executive for Uber’s northern and eastern European region.

Britain’s Pensions Regulator said it noted the “positive steps” taken by Uber and called on all gig economy employers to enrol eligible staff in pension schemes.

“The gig economy is about to grow further because the UK emerges from the pandemic and businesses recover and it’s only right that each one workers contributing to the economy receive the pensions they’re entitled to,” a spokesperson said in an emailed statement.

The regulator would take enforcement action against employers who didn’t enrol staff “voluntarily and promptly”, the spokesperson added.

Uber’s drivers are going to be auto-enrolled during a pension scheme provided by NOW: Pensions and managed by workplace solutions provider Adecco, the corporate added.

(Reporting by Carolyn Cohn in London and Sabahatjahan Contractor, Shubham Kalia in Bengaluru; Editing by Anil D’Silva and David Evans)

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