Pensions computer failure the &#39;worst ever&#39;
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Civil Servants have been reduced to writing out benefit claims by hand after what experts are calling the biggest crash in computer history.
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LONDON : Britain faces a huge pensions crisis which must be tackled immediately to avoid future generations of the elderly seeing their incomes slashed by around 30 percent compared with those nowadays, an official report warned.
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A routine software upgrade of Microsoft-based desktop computers led to the crash of around 40,000 machines at the UK government's Department for Work and Pensions last week.
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More than 12 million Britons are not saving enough for their retirement, a major report into pensions concludes.
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And MPs sceptical about rescue body The Child Support Agency computer system has cost millions and created chaos, but MPs remain sceptical about its replacement.â¦
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Workers losing their jobs at a County Londonderry computer company are to hear details of redundancy terms.
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Computer failure points to the challenge of aging equipment.
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A computer breakdown within Britain's largest government ministry, which doles out retirement pensions and unemployment benefits, left civil servants in the lurch for a week, writing claims out by hand, a ministry spokesman said.
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As many as 80,000 civil servants at the U.K.'s Department of Work and Pensions had to deal with what is being described as the biggest computer crash in government history on Monday.
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Around the world, public pension liabilities are regarded as the single greatest domestic problem confronting developed nations. Technically, fiscally, morally or politically -- whatever way you look at it -- pension reform seems close to impossible.
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The nation&#39;s largest pension fund disclosed for the first time yesterday how much it paid the venture capitalists, hedge fund managers and others who handle its riskiest specialized
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AS A SENIOR and a member of the Greatest Generation, I am appalled at the Bush administration&#39;s disregard for my financial security and my grandchildren&#39;s future.
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MILLIONS face working an extra five years and saving more for their retirement to plug a Â£57bn pensions black hole, a report will warn tomorrow.
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The latest Government computer crash at the Department of Work and Pensions shows the folly of the Government plans to axe all existing emergency fire control rooms.
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A computer screen upgrade has crashed 80,000 government terminals at the Department for Work and Pensions in the UK. EDS and Microsoft (NASDAQ: MSFT) were blamed.
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A few miscalculations can wreck a lifetime of saving and investing.
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Staff at the United Kingdom&#39;s Department for Work and Pensions were unable to use their PCs this week after a routine software upgrade knocked out 80 percent of the computers in the sprawling department.